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$4,190,000

296 Ottawa Street S, Kitchener, ON, N2G 3T6

MLS® # 40702844

Property Information:

Fantastic redevelopment site. Steps to LRT, large lot 160x 237 approx. 0.73 acres. Must be purchased with 288 Ottawa St S. New Zoningapproved March 18th under Growing Together is SGA2 under Official Plan SGA-B which allows up to 28 Stories Building, ZBA application for SGA3 is required to get 28 stories. Studies completed to Date for the ZBA application: Geotechnical report, Legal and Topo Survey, Site Servicing,Wind Study, Shadow Study, Traffic and Parking Study, Noise Study, ESA Phase 1, Landscape, 28 Stories Concept Drawings with 326 Units plus 3Commercial areas on Ground Level. The properties were amalgamated and transferred into the Corporations Ownership.286 and 288 Ottawawere amalgamated into one, also 292 and 296 were amalgamated into one. The total asking price for all properties is $4,190,000.00.

Property Features:

  • Acres Range:
  • Lot Depth: 237 Feet
  • Lot Features: Urban, Airport, City Lot, High Traffic Area, Highway Access, Hospital, Public Transit
  • Lot Frontage: 80.00 Feet
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected
  • Water Source: None
  • Zoning: R5
  • Sewer: Sewer (Municipal)

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Location of 296 Ottawa Street S, Kitchener, ON, N2G 3T6

Demographic Information of 296 Ottawa Street S, Kitchener, ON, N2G 3T6

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$93,533.93

Average Number of Children

1.57

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.01 %

High school certificate or equivalent

29.79 %

Apprenticeship trade certificate/diploma

5.3 %

College/non-university certificate

23.22 %

University certificate (below bachelor)

1.8 %

University Degree

22.87 %

Commuter

Travel To Work

By Car

89.67 %

By Public Transit

4.91 %

By Walking

3.37 %

By Bicycle

0.01 %

By Other Methods

2.04 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

33.04 %

Houses

66.96 %

Own Vs. Rent