Kitchener, ON N2H 1C6,95-109 Weber Street
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Kitchener, ON N2H 1C6,95-109 Weber Street
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$ 7,500,000
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95-109 Weber Street Kitchener, ON N2H 1C6

0.71 Acres Lot


UPDATED:

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


Listed by CBRE LIMITED
agent

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

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95-109 Weber Street