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1603 W Highland Rd 2.02 Acres of Industrial Land Offered at $4,602,396 USD in Kitchener, ON N2N 3K5
Executive Summary
1593 & 1603 Highland Road West (the “Property” or the “Site”), a ±2.02 acre Mid/high density development opportunity in Kitchener, Ontario. The offering has approved zoning along with an Official Plan Amendment (OPA) to allow for the development of two mixed use buildings measuring 13 and 16-storeys yielding 403 residential units. As part of the approved Official Plan Amendment (OPA) ±11,324 sq. ft. (1,052 sq. m.) of retail or service commercial space must be provided on the ground floor of the development. Located within an area of Kitchener currently experiencing a transition between rural country and urban development, the Site is well-positioned to facilitate intensification given its location and proximity to shopping, public transportation, schools, and employment opportunities. The Property is situated minutes to The Boardwalk, a major shopping centre offering popular chain stores, dining options, a movie theatre and 2 medical office buildings. The Site also enjoys convenient access to Highway 8, connecting to the heart of Kitchener, Waterloo, and Cambridge.
Property Facts
| Price | $4,602,396 USD | Property Subtype | Industrial |
| Sale Type | Investment | Proposed Use | Apartment Units - Condo |
| No. Lots | 1 | Total Lot Size | 2.02 AC |
| Property Type | Land | ||
| Zoning | COM-3 | ||
| Price | $4,602,396 USD |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Industrial |
| Proposed Use | Apartment Units - Condo |
| Total Lot Size | 2.02 AC |
| Zoning | COM-3 |
1 Lot Available
Lot
| Price | $4,602,396 USD | Lot Size | 2.02 AC |
| Price Per AC | $2,278,413.83 USD |
| Price | $4,602,396 USD |
| Price Per AC | $2,278,413.83 USD |
| Lot Size | 2.02 AC |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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1603 W Highland Rd
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