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1603 W Highland Rd 2.02 Acres of Industrial Land Offered at $6,400,000 CAD in Kitchener, ON N2N 3K5
EXECUTIVE SUMMARY
1593 & 1603 Highland Road West (the “Property” or the “Site”), a ±2.02 acre Mid/high density development opportunity in Kitchener, Ontario. The offering has approved zoning along with an Official Plan Amendment (OPA) to allow for the development of two mixed use buildings measuring 13 and 16-storeys yielding 403 residential units. As part of the approved Official Plan Amendment (OPA) ±11,324 sq. ft. (1,052 sq. m.) of retail or service commercial space must be provided on the ground floor of the development. Located within an area of Kitchener currently experiencing a transition between rural country and urban development, the Site is well-positioned to facilitate intensification given its location and proximity to shopping, public transportation, schools, and employment opportunities. The Property is situated minutes to The Boardwalk, a major shopping centre offering popular chain stores, dining options, a movie theatre and 2 medical office buildings. The Site also enjoys convenient access to Highway 8, connecting to the heart of Kitchener, Waterloo, and Cambridge.
PROPERTY FACTS
| Price | $6,400,000 CAD | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 2.02 AC |
| Property Type | Land | ||
| Zoning | COM-3 | ||
| Price | $6,400,000 CAD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 2.02 AC |
| Zoning | COM-3 |
1 LOT AVAILABLE
Lot
| Price | $6,400,000 CAD | Lot Size | 2.02 AC |
| Price Per AC | $3,168,316.83 CAD |
| Price | $6,400,000 CAD |
| Price Per AC | $3,168,316.83 CAD |
| Lot Size | 2.02 AC |
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1603 W Highland Rd
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