$ 5,499,000
296 OTTAWA ST S Kitchener, ON N2G 3T6
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,499,000
Est. payment /mo
Price Dropped by $491K
296 OTTAWA ST S Kitchener, ON N2G 3T6
UPDATED:
10/08/2024 02:04 PM
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID X8486610
Annual Tax Amount $2,727
Tax Year 2023
Property Description
Fantastic redevelopment site. Steps to LRT, large lot 160x 237 approx. 0.73 acres. Must be purchased with 288 Ottawa St S (X8486704). New Zoning approved March 18th under Growing Together is SGA2 under Official Plan SGA-B which allows up to 28 Stories Building, ZBA application for SGA-3 is required to get 28 stories. Studies completed to Date for the ZBA application: Geotechnical report, Legal and Topo Survey, Site Servicing, Wind Study, Shadow Study, Traffic and Parking Study, Noise Study, ESA Phase 1, Landscape, 28 Stories Concept Drawings with 336 Units plus 3 Commercial areas on Ground Level. The properties were amalgamated and transferred into the Corporations Ownership. 286 and 288 Ottawa were amalgamated into one, also 292 and 296 were amalgamated into one. The total asking price for all properties is $5,499,000.00.
Location
Province ON
County Waterloo
Zoning R5
Exterior
Utilities Available Available
Listed by ROYAL LEPAGE WOLLE REALTY, BROKERAGE