95-109 Weber Street Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2H 1C6
Key Details
Property Type Single Family Home
Sub Type Residential
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40704414
Originating Board Waterloo Region
Annual Tax Amount $15,902
Lot Size 0.710 Acres
Acres 0.71
Property Sub-Type Residential
Property Description
95-109 Weber Street, 64-74 Cedar Street North and 7 & 14 May Place (the "Property" or the "Site") represents a redevelopment opportunity bordering downtown Kitchener. Spanning 0.71 acres, the Site is currently improved with 7 income-producing multi-residential buildings and a community garden.
The Property boasts an exceptional location bordering downtown Kitchener, providing residents with unparalleled access to urban amenities and transportation networks. The Site's proximity to key transit hubs, including the Kitchener Market Station LRT ION stop (450m), the Weber/Cedar GRT bus stop (44m), and the future King-Victoria Transit Hub (1.2km), ensures seamless mobility for commuters and residents through the City.
An initial development concept proposed by the Vendor illustrates a high-rise 28-storey tower, yielding 276 residential units and a total GFA of 252,704 SF. The Property represents an opportunity to acquire income-producing assets with significant rental upside.
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning SGA-3 (Strategic Growth Area 3)
Direction Weber St E/Cedar St N
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Utilities Available Cable Available,Cell Service,Electricity Connected,Natural Gas Connected,Street Lights,Phone Available,Underground Utilities
Lot Frontage 217.5
Lot Depth 136.1
Garage No
Building
Lot Description Urban,Irregular Lot,City Lot,High Traffic Area,Highway Access,Hospital,Public Transit,Schools
Faces Weber St E/Cedar St N
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community false
Tax ID 225110071
Ownership Freehold/None