288-296 Ottawa St S 0.73 Acres of Residential Land Offered at $2,499,000 CAD in Kitchener, ON N2G 3T6

Seller willing to provide a VTB mortgage up to 50%. Fantastic redevelopment site. Steps to LRT, large lot 160x 237 approx. 0.73 acres. Must be purchased with 296 Ottawa St S. 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 .New Zoning allows for Mix residential and Commercial use is. In Progress Studies completed to Date: Geotechnical report, Legal and Topo Survey, Site Servicing, Wind Study, Shadow Study, Traffic and Parking Study, Noise Study, ESA Phase 1, Landscape, Concept Drawings. 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 $5990,000.00. Seller provide a VTB of 65%,up to a two-year term and interest only payments. Option for a Vendor Payback available