983* King Street E, Kitchener, ON N2G 2R2
$4,999,999
$179 / sq ft4 weeks on market
- Interior
- 27,878 sf
- Lot
- 0.64 × 0 ft
About this property
This assembly of five properties in a rapidly expanding area of Kitchener offers a rare opportunity for high-density residential development, spanning 0.64 acres of MU-3 zoned land. The site is strategically located between two similar developments and bordered to the west by the Light Rail Transit (LRT) system on Charles St. E. Pre-consultations with city planners and regional precedents indicate the potential for increased density through higher Floor Area Ratio (FAR) and Gross Floor Area (GFA) allowances. With frontage on King, Borden, and Charles streets, the property offers exceptional access. Preliminary site plan modeling suggests approval for approximately 304 units in a single tower configuration. The accompanying photos highlight the property's boundaries and the potential high-rise development.
Property details
Property
- Property type
- vacant land
- Interior size
- 27,878 sq ft
- Zoning
- MU - 3
- Possession
- Flexible
Exterior & services
- Sewer
- Sanitary
Costs
- List price
- $4,999,999
- Property taxes
- $15,075 / year (2026)
- Price per sq ft
- $179
Listing
- MLS® number
- X13868990
- Status
- For sale
- Listed
- October 6, 2026
- Days on market
- 29
- Last updated
- October 6, 2026
- Listing brokerage
- CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD
Price & sale history
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Before you make an offer
What this home costs beyond the asking price, and how that price compares to what else is on the market.
How this price compares
This home is priced above most comparable listings — about 100% of comparable vacant land listings in Kitchener are asking less.
Based on 18 comparable active vacant land listings in Kitchener. These are asking prices, not sale prices.
Mortgage estimate
- Principal & interest
- $22,116.68
- Property tax (est.)
- $1,256.27
- Estimated monthly
- $23,373
Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.
Land transfer tax
Payable on closing, on top of the purchase price.
- Ontario
- $111,475
- Total due on closing
- $111,475
An estimate on the asking price of $4,999,999. Rates current as of September 2026; confirm the final figure with your real estate lawyer.
Listing courtesy of CHESTNUT PARK REALTY(SOUTHWESTERN ONTARIO) LTD. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.
Comparable sales nearby
What similar homes in this area actually sold for.
Nearby sold prices are hidden
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