95-109 Weber Street, 64-74 Cedar Street North and 7 & 14 May Place (the "Property" or the "Site") represents a redevelopment opportunity bordering downtown Kitchener. Spanning 0.71 acres, the Site is currently improved with 7 income-producing multi-residential buildings and a community garden. The Property boasts an exceptional location bordering downtown Kitchener, providing residents with unparalleled access to urban amenities and transportation networks. The Site's proximity to key transit hubs, including the Kitchener Market Station LRT ION stop (450m), the Weber/Cedar GRT bus stop (44m), and the future King-Victoria Transit Hub (1.2km), ensures seamless mobility for commuters and residents through the City. An initial development concept proposed by the Vendor illustrates a high-rise 28-storey tower, yielding 276 residential units and a total GFA of 252,704 SF. The Property represents an opportunity to acquire income-producing assets with significant rental upside.
CBRE LIMITED
$7,500,000
95-109 Weber Street, Kitchener, Ontario
Property
MLS® Number: 40704414
Address: 95-109 Weber Street
City: Kitchener
Lot Size: 136.1ft x 217.5ft
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Property Sale History
Travel and Neighbourhood
98/100Walk Score®
Walker's Paradise
Location
