This 0.687-acre property offers a centrally located mixed-use redevelopment opportunity along Victoria Street North, an arterial corridor connecting Downtown Kitchener to both the highway and the west side of the Region. Surrounded primarily by residential uses, Victoria Street North is designated as a mixed-use corridor within the City’s urban structure, supporting a range of redevelopment opportunities. The property is zoned MU-1, permitting a 2.0 FSR as of right. Recent approvals for a site on the opposite side of the street allow for an FSR of 10.5, demonstrating an appetite for increased density in the area. The property is currently improved with two houses and a 3, 500 SF commercial shop. The shop and one house are utilized by the vendor, while the other house is tenanted, providing interim revenue. Historically operating as a recycling yard, the property has recent Phase 1 and Phase 2 environmental reports available for review by qualified purchasers. Located just north of the Downtown core and west of the Highway 85 on-ramp, the site offers convenient access to public transit, including the Kitchener GO & VIA stations, the LRT and BRT routes, and the future LRT Transit Hub. It is also well-served by walking & cycling infrastructure, with the nearby Spur Line Trail providing connections to Uptown Waterloo, Downtown Kitchener, and surrounding neighbourhoods.
