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Executive Summary

CBRE Southern Ontario Investment Team is pleased to present 4417 King Street East and 162 Edgehill Drive (the “Property” or the “Site), a 2.82 acre medium density redevelopment opportunity located in a prime commercial node of Kitchener. The Property is strategically positioned within a thriving commercial hub, surrounded by amenities and is directly across the street from Costco and Sportsworld Crossing shopping centre. This transit-oriented Site is located near the Sportsworld Drive GO Bus Terminal, the future Sportsworld LRT stop, and offers excellent connectivity for commuters with excellent proximity to Highway 8 and Highway 401. The Vendor engaged with GSP Planning to produce various initial development concepts. Based on the planning context, existing adjacent land uses, and recent nearby approvals, GSP’s recommendation is medium-density development with a range of built-form options including a mix of apartments, conventional towns, and stacked towns. The offering represents a rare opportunity to acquire a strategically situated medium-density redevelopment Site within a highly dynamic residential market.

Property Facts

Price $7,000,000 CAD
Sale Type Investment
Sale Condition Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Industrial
Proposed Use Commercial
Total Lot Size 2.82 AC
Zoning COM-3 & RES-1

1 Lot Available

Lot

Price $7,000,000 CAD
Price Per AC $2,482,269.50 CAD
Lot Size 2.82 AC
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
  • Listing ID: 31063156

  • Date on Market: 2024-02-27

  • Last Updated:

  • Address: 4417 King St E, Kitchener, ON N2P 2G1

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