655 NEW DUNDEE ROAD
655 NEW DUNDEE ROAD K I T C H E N E R , Dietmar Sommerfeld**, CCIM Senior Vice President, Broker 519.340.2314 [email protected] **Broker, *Sales Representative
O N T A R I O
Will Hunter* Sales Representative 519.340.2307 [email protected]
FOR SALE
655
NEW DUNDEE ROAD KITCHENER :: ONTARIO
FOR SALE INVESTMENT OPPORTUNITY
SIZE
13.27 acres total site 2.11 acres are developable
ZONING
Agricultural A-1
OFFICIAL PLAN
Arterial Commercial (Doon South)
MAJOR USES
Through implementing zoning this designation could permit a variety of institutional, commercial and multiple residential uses.
SERVICES
Hydro, Gas and Water nearby. Stormwater management at Reichert Road flankage constructed and planned to be adequate for anticipated development of this site.
TAXES
$5,250 (2014)
ASKING PRICE
$995,000
PRICE PER ACRE
$74,981
PRICE PER DEVELOPABLE ACRE
$471,564
LO C AT I O N O V E R V I E W The property is located in Doon South, Kitchener. It is at the Southwest corner of New Dundee Road and Reichert Road. The Area to the north of this site is currently under development by Monarch Group for a variety of residential housing. The property is just minutes from the intersection of Hwy 401, Homer Watson Boulevard, and Conestoga College Doon Campus. A sanitary pumping station is currently under construction almost directly across New Dundee Road from the property and will provide sanitary sewage capacity for development of the subject property.
FOR SALE
C O M P L E T E D D E V E LO P M E N T S T U D I E S
SITE SURVEY
• Environmental Impact Statement- Characterization Report (the EIS needs to be finalized when the Site Plan is finalized) The developable limits have been determined with input from the Region and the GRCA. • EAC (Regional Environmental Advisor Committee) has approved Terms of Reference for EIS. • Preliminary Hydrogeoloigcal Study – needs to be finalized when the Site Plan is finalized. • Environmental Phase 1 – no further work is required • Archaeological Study – no further work required • We have had a pre-consultation meeting with the City, the City is looking for a mixed use development • The City has pre-designated the lands for Arterial Commercial (no Official Plan amendment required) • A Zoning by-law amendment is required, it will be a function of the Site Plan (once the Site Plan is finalized the zoning can be determined). • The regional installed a new watermain on New Dundee Road (to Reichert Road). • A roadside ditch has been constructed along Reichert Road to assist with Stormwater Management). • The pumping station has been approved (the pipes will come along the frontage of New Dundee Road). *Studies will be provided to qualified Buyers
SITE OPPORTUNITY OVERVIEW This is a short to mid term opportunity for potential institutional, commercial and multiple residential development in an incredible park like setting. Contact listing agents for details on development studies.
LO C AT I O N
SITE
SITE CONESTOGA COLLEGE CAMPUS
FOR MORE INFORMATION, PLEASE CONTACT: Dietmar Sommerfeld**, CCIM Senior Vice President, Broker 519.340.2314 [email protected]
Will Hunter*
Sales Representative 519.340.2307 [email protected]
**Broker, *Sales Representative
CBRE Limited, Real Estate Brokerage | 101 Frederick Street | Suite 810 | Kitchener, ON N2H 6R2 www.cbre.ca This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth
O N T A R I O
Will Hunter* Sales Representative 519.340.2307 [email protected]
FOR SALE
655
NEW DUNDEE ROAD KITCHENER :: ONTARIO
FOR SALE INVESTMENT OPPORTUNITY
SIZE
13.27 acres total site 2.11 acres are developable
ZONING
Agricultural A-1
OFFICIAL PLAN
Arterial Commercial (Doon South)
MAJOR USES
Through implementing zoning this designation could permit a variety of institutional, commercial and multiple residential uses.
SERVICES
Hydro, Gas and Water nearby. Stormwater management at Reichert Road flankage constructed and planned to be adequate for anticipated development of this site.
TAXES
$5,250 (2014)
ASKING PRICE
$995,000
PRICE PER ACRE
$74,981
PRICE PER DEVELOPABLE ACRE
$471,564
LO C AT I O N O V E R V I E W The property is located in Doon South, Kitchener. It is at the Southwest corner of New Dundee Road and Reichert Road. The Area to the north of this site is currently under development by Monarch Group for a variety of residential housing. The property is just minutes from the intersection of Hwy 401, Homer Watson Boulevard, and Conestoga College Doon Campus. A sanitary pumping station is currently under construction almost directly across New Dundee Road from the property and will provide sanitary sewage capacity for development of the subject property.
FOR SALE
C O M P L E T E D D E V E LO P M E N T S T U D I E S
SITE SURVEY
• Environmental Impact Statement- Characterization Report (the EIS needs to be finalized when the Site Plan is finalized) The developable limits have been determined with input from the Region and the GRCA. • EAC (Regional Environmental Advisor Committee) has approved Terms of Reference for EIS. • Preliminary Hydrogeoloigcal Study – needs to be finalized when the Site Plan is finalized. • Environmental Phase 1 – no further work is required • Archaeological Study – no further work required • We have had a pre-consultation meeting with the City, the City is looking for a mixed use development • The City has pre-designated the lands for Arterial Commercial (no Official Plan amendment required) • A Zoning by-law amendment is required, it will be a function of the Site Plan (once the Site Plan is finalized the zoning can be determined). • The regional installed a new watermain on New Dundee Road (to Reichert Road). • A roadside ditch has been constructed along Reichert Road to assist with Stormwater Management). • The pumping station has been approved (the pipes will come along the frontage of New Dundee Road). *Studies will be provided to qualified Buyers
SITE OPPORTUNITY OVERVIEW This is a short to mid term opportunity for potential institutional, commercial and multiple residential development in an incredible park like setting. Contact listing agents for details on development studies.
LO C AT I O N
SITE
SITE CONESTOGA COLLEGE CAMPUS
FOR MORE INFORMATION, PLEASE CONTACT: Dietmar Sommerfeld**, CCIM Senior Vice President, Broker 519.340.2314 [email protected]
Will Hunter*
Sales Representative 519.340.2307 [email protected]
**Broker, *Sales Representative
CBRE Limited, Real Estate Brokerage | 101 Frederick Street | Suite 810 | Kitchener, ON N2H 6R2 www.cbre.ca This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth
