Overview

This lot in Kitchener is for sale. It has been on the market 46 days, fresher than the Kitchener average of 53 days.

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Description

Prime Commercial Development Opportunity 115 Union Boulevard, Kitchener $1.99 Million Approx. 0.44 Acres MIX-2 ZoningRare opportunity to acquire a prominent 0.44-acre corner site at a signalized intersection in Kitchener's central urban corridor. Zoned MIX-2 (Mixed Use Two), the property offers excellent flexibility for a range of potential residential, commercial, institutional, and mixed-use development concepts. The highly visible corner location provides exceptional exposure, accessibility, and signage potential, with public transit nearby , Hospital, schools, established neighbourhoods, and numerous amenities in the surrounding area. An RSC (Record of Site Condition) is anticipated by later 2026, further supporting the site's future development potential. Convenient access to major transportation routes adds to the property's appeal for a wide range of users and investment strategies. Whether you are a developer looking to create a new project, an investor seeking a strategically located landholding, or an owner-user planning for the future, this versatile property presents an outstanding opportunity to secure a well-positioned parcel in central Kitchener. (id:66096)

Property Details

MLS®: X13806202
Property Type: Vacant Land
Zoning: C5C1RM2, C1C5
Lot Size: 19,166 sq ft (0.44 ac)
Frontage: 185 ft
Price per Acre: $4,522,822 per acre
Property Tax: $26,320.12/yr
Listed: 46 days ago

Services

Water: Municipal water

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

46d

Kitchener listings, avg age

53d

List price

$1.99M

Homes here sell faster than most markets

Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 100.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This vacant land in Kitchener has been listed for 46 days, which is 7 days fresher than the city average of 53. Act while there is still low competition.

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Listed by RE/MAX REAL ESTATE CENTRE INC. · IMRAN AHMAD

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2M)

This home lists at $1,990,000, about 27.8× the local median household income of $71,500.

Carrying it typically needs a household income of about $388,717 (20% down, 25-yr amortization, stress-tested) — roughly 444% above the area median.

Median household income: $71,500
Population: 36,494
Median age: 36.4
Owner / renter: 46% / 54%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N2M)

$1,990,000

For sale

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Financing

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115 union Boulevard, Kitchener - Vacant Land for Sale