240 VICTORIA Street S

For Sale - $1,125,000.00

ID#: 25285734

Unique opportunity for this 160 Feet x 165 Feet (0.6 acres) property assembly zoned R7 with the potential to redevelopment as an apartment building, cluster townhouses, or stacked townhouses. Walking distance to the Downtown Kitchener, Communitech, Victoria Park, Iron Horse Trail, Catalyst 137, Belmont Village and shopping amenities. Great public transit access with only 900 meters to the Central Station LRT stop and future Regional Transit Hub, which will include GO and Via train service. Current zoning allows for up to 8 storeys (24 meters), Maximum Floor Space Ratio of 1.0, and potential for reduced parking considering the proximity to LRT. Property must be sold together with 234 Victoria St S (MLS 40374594), 238 Victoria St S (MLS 40374928), and 244 Victoria St S (40374932). The total asking price for all properties is $4,500,000. (id:42870)