




This 3-bedroom, 4-bathroom vacant land in Kitchener offers 1,787 sqft of building area. Built in 1990, 2 storeys.
Opportunity knocks for developers and investors alike! This rare offering includes one of two side-by-side lots in a desirable residential neighbourhood in Kitchener, with both properties being sold together as a package (each lot priced accordingly). Currently zoned R2, this property presents future redevelopment potential. Any such changes would be subject to municipal approvals. Ideally located just minutes from the expressway, this site offers excellent accessibility in an evolving area. The existing home can provide interim rental income while development plans are considered. (id:60351)
Opportunity awaits developers and investors with this rare offering of two side-by-side lots, each priced individually but sold as a package for $998,000 in Kitchener’s desirable residential district. Currently zoned R2, the property presents potential for future redevelopment subject to municipal approvals. The existing home on one of the lots offers 1,787 square feet with three bedrooms and four bathrooms built in 1990, providing interim rental income while plans are being developed. Strategically located near an expressway exit, this site ensures excellent accessibility within a rapidly evolving area of Kitchener. This prime location makes it an ideal investment for those looking to capitalize on the neighbourhood’s growth potential.
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Listed by Amjad Yousefi, Bosley Real Estate Ltd.
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Listing represented by Amjad Yousefi, Bosley Real Estate Ltd. · MLS# 40819649
For illustration purposes only. Consult a mortgage professional for accurate rates.
Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Estimate based on Ontario LTT rates. Consult your lawyer for exact amounts.