Kitchener, ON N2H1M9,151 LANCASTER Street E
Kitchener, ON N2H1M9,151 LANCASTER Street E
Kitchener, ON N2H1M9,151 LANCASTER Street E
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$999,999
Est. payment /mo
2,745 SqFt

UPDATED:

Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 2,745 sqft

Price per Sqft $364

Subdivision 212 - Downtown Kitchener/East Ward

MLS® Listing ID 40742387

Property Sub-Type Freehold

Source Cornerstone - Waterloo Region

Property Description

An exceptional opportunity awaits in the heart of Central Frederick! Now falling under the City of Kitchener's Strategic Growth Area (SGA-2) zoning, this property is positioned for both immediate potential and long-term value. Designated as a Mid-Rise Growth Zone, SGA-2 zoning allows for buildings up to 8 storeys in height and supports a diverse mix of residential and commercial uses, making this an ideal site for investors, developers, and visionary end-users alike. This progressive zoning removes minimum parking requirements, encourages intensification, and provides flexibility for substantial additions or full redevelopment. With a 10-storey multi-unit mixed-use building expected to be constructed next door, the opportunities are endless! Whether you're looking to expand, repurpose, or build new, this property offers unmatched versatility in one of Kitchener's most dynamic and connected neighbourhoods. Don't miss your chance to be part of the city's exciting growth vision. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Exterior

Parking Features No

Community Features High Traffic Area

View Y/N No

Private Pool No

Building

Story 2

Sewer Municipal sewage system

Others

Ownership Freehold

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agent

Gail Reeves Reid

+1(416) 540-8681

Broker | License ID: 9520476

Broker License ID: 9520476

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