Description

Excellent location and rare, as zoning R9/RES-7 for high rise density multiple residential and non-residential. Floor space ratio 4.0 which allowing around 216,900 sqft flooring space with following other conditions. Site in King Street E., Kitchener. Location offers excellent amenties within walking distance to Fairview Mall. Quick access to the expressways 7, 8, and 401. Serviced with municipality water, sewage, hydro and gas. A house on the property to be taken down by the buyer. Survey 2020, and Phase 1 Environmental Site assessment 2011 are available. List of permitted uses is available. (id:66096)

Market Timing

Days on market

Kitchener listings, avg age

53d

List price

$5.49M

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 5 days, which is 48 days fresher than the city average of 53. Act while there is still low competition.

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Area context

Neighbourhood profile (N2A)

This home lists at $5,490,000, about 57.2× the local median household income of $96,000.

Carrying it typically needs a household income of about $1,072,389 (20% down, 25-yr amortization, stress-tested) — roughly 1017% above the area median.

Median household income: $96,000
Population: 32,454
Median age: 39.2
Owner / renter: 71% / 29%
Avg. household size: 2.7

Source: Statistics Canada, 2021 Census (FSA N2A)

$5,490,000

For sale

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Financing

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3211 KING Street East, Kitchener - Vacant Land for Sale

Description

Property Details

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N2A)

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