For More Information Please Contact:
PETER BENNINGER REALTY,BROKERAGE *
MIXED USE DEVELOPMENT LAND
FOR SALE
The Property:
64 Margaret Ave. Kitchener 225 – 229 Victoria St. N. Kitchener
Property Type:
Land Re-Development Opportunity
LOCATION HIGHLIGHTS
PROPERTY DETAILS
Asking Price:
$1,650,000
Property Taxes:
$8,307.42 (2014)
Land Size:
1.03 Acres
Zoning:
MU-1
Walking distance to downtown, a variety of amenities
Easy access to public transit, and the future transit hub
Enhanced zoning allows for commercial and residential uses including retail and office, as well
MARKET HIGHLIGHTS
as mixed use developments.
Property located in the newly designated Mixed Use Corridor Zone across from the Future Transit Hub. Walking distance to Kitchener Downtown Core.
Full Development credits will be issued for 5 units upon demolition of the existing residences.
Partial Development credits (Kitchener portion) are available for 8 units from a previously demolished building at 64 Margaret.
For More Information Please Contact: James Boudreau, Broker [email protected] Phone: 519‐743‐5211 Ext: 3020 Coldwell Banker Peter Benninger Realty, Brokerage 508 Riverbend Drive, Kitchener, ON. N2K 3S2 Phone: 519-743-5211 | Fax: 519-742-5800
COLDWELLBANKERCOMMERCIAL.CA * Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
PETER BENNINGER REALTY,BROKERAGE *
MIXED USE DEVELOPMENT LAND
FOR SALE
ZONING - USES
SECTION 53 (By‐law 2008‐154, S.3) LOW INTENSITY MIXED USE CORRIDOR ZONE (MU‐1) No person shall erect, nor use any building in whole or in part, nor use any land in whole or in part, within a MU‐1 Zone for any purpose other than one or more of the following uses, or uses accessory thereto. Such erection or use shall also comply with the prescribed regulations.
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
53.1 PERMITTED USES Artisan’s Establishment Canine or Feline Grooming Commercial Recreation Community Centre Craftsman Shop Day Care Facility Duplex Dwelling Dwelling Unit Educational Establishment Financial Establishment Health Clinic Health Office Home Business Hospice (By‐law 2013‐124, S.50) Lodging House Medical Laboratory Multiple Dwelling Museum Office Personal Services Printing Establishment Private Club or Lodge Religious Institution Repair Service Residential Care Facility Restaurant Retail Security or Janitorial Services Scientific, Technological or Communications Establishment Single Detached Dwelling Street Townhouse Dwelling Studio Tourist Home Veterinary Services
53.2 REGULATIONS 53.2.1 For all Uses except Single Detached , Duplex and Street Townhouse Dwellings •
Minimum Front Yard Abutting a Street:
1.5 metres
•
Minimum Side Yard Abutting a Street
4.5 metres
•
Minimum Side Yard
3.0 metres
•
Maximum Front Yard and Maximum
•
Side Yard Abutting a Street
7.5 metres
Minimum Rear Yard
7.5 metres
Minimum yard abutting any Residentially zoned property
7.5 metres*
•
Minimum Façade Height
6.0 metres
•
Maximum Building Height
16.5 metres
•
Minimum Floor Space
Ratio 0.6
•
Maximum Floor Space
Ratio 2.0
•
Minimum Landscaped Area
10% of the lot area.
*See site specific zoning
Coldwell Banker Peter Benninger Realty, Brokerage 508 Riverbend Drive, Kitchener, ON. N2K 3S2 Phone: 519-743-5211 | Fax: 519-742-5800
COLDWELLBANKERCOMMERCIAL.CA * Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
PETER BENNINGER REALTY,BROKERAGE *
MIXED USE DEVELOPMENT LAND
FOR SALE
MAPS & AERIALS
SUBJECT PROPERTY
Coldwell Banker Peter Benninger Realty, Brokerage 508 Riverbend Drive, Kitchener, ON. N2K 3S2 Phone: 519-743-5211 | Fax: 519-742-5800
COLDWELLBANKERCOMMERCIAL.CA * Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
PETER BENNINGER REALTY,BROKERAGE *
MIXED USE DEVELOPMENT LAND
FOR SALE
ECONOMIC OUTLOOK
A Matter of Economy – the Advanced Technology Cluster The fabric of the Waterloo Region's dynamism and its future is woven from the threads of industry employing advanced technology in their product development and manufacturing processes, as well as using advanced technology as a key driver of business competitiveness. The Region's Advanced Technology Cluster crosses many sectors, but has particular prominence in the Automotive, Information & Communications Technology, Advanced Manufacturing, and Business and Financial Services sectors. The region's innovation prowess is reflected in the 30,000 people employed at 1,000 Information Technology companies. Competitive business costs and the most diverse economy in Ontario drive the continued expansion of the advanced technology cluster.
SOURCE: http://www.techtriangle.ca
Coldwell Banker Peter Benninger Realty, Brokerage 508 Riverbend Drive, Kitchener, ON. N2K 3S2 Phone: 519-743-5211 | Fax: 519-742-5800
COLDWELLBANKERCOMMERCIAL.CA * Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
PETER BENNINGER REALTY,BROKERAGE *
MIXED USE DEVELOPMENT LAND
FOR SALE
ECONOMIC OUTLOOK
The Kitchener Census Metropolitan Area (CMA) is comprised of Kitchener, Waterloo, Cambridge, Woolwich and North Dumfries. As of the last federal census, the population of the CMA was 477,160, an increase of 5.7% from 2006. The area continues steady growth, in line with the provincial average between 2006 and 2001. The population of the CMA is predicted to reach 521,652 in 2015, an increase of 5.9% from 2010. Analysts don’t seem to think that the CMS’s population growth will slow down anytime soon, and neither do we.
The median household income for the Kitchener CMA was 72,860 in 2010. By 2015, the median household income is predicted to increase to $87,795.
As of the last federal census, the population of the City of Kitchener sat at 219,153. The population recorded during the 2011 census represents an increase of 7.1% from 204,668 in 2006. The city predicts that the population of Kitchener will continue its rapid growth, hitting 304,665 by 2031. Employment will remain a strong driver in people’s decision to move into the region. The Kitchener CMA currently has over 256,600 employees, attracting people looking for jobs in the area. Kitchener is ranked as the 8th most popular destination for all Canadian U-Haul vehicles in 2011, moving up three spots from #11 in 2010. The U-Haul ranking takes into account all Canadian cities, regardless of size and tracked all movers travelling more than 50 miles to their destination.
Source: REIN:http://www.reincanada.com/ Coldwell Banker Peter Benninger Realty, Brokerage 508 Riverbend Drive, Kitchener, ON. N2K 3S2 Phone: 519-743-5211 | Fax: 519-742-5800
COLDWELLBANKERCOMMERCIAL.CA * Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
PETER BENNINGER REALTY,BROKERAGE *
MIXED USE DEVELOPMENT LAND
FOR SALE
ECONOMIC OUTLOOK
Source: REIN:http://www.reincanada.com/ Coldwell Banker Peter Benninger Realty, Brokerage 508 Riverbend Drive, Kitchener, ON. N2K 3S2 Phone: 519-743-5211 | Fax: 519-742-5800
COLDWELLBANKERCOMMERCIAL.CA * Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
MIXED USE DEVELOPMENT LAND
FOR SALE
The Property:
64 Margaret Ave. Kitchener 225 – 229 Victoria St. N. Kitchener
Property Type:
Land Re-Development Opportunity
LOCATION HIGHLIGHTS
PROPERTY DETAILS
Asking Price:
$1,650,000
Property Taxes:
$8,307.42 (2014)
Land Size:
1.03 Acres
Zoning:
MU-1
Walking distance to downtown, a variety of amenities
Easy access to public transit, and the future transit hub
Enhanced zoning allows for commercial and residential uses including retail and office, as well
MARKET HIGHLIGHTS
as mixed use developments.
Property located in the newly designated Mixed Use Corridor Zone across from the Future Transit Hub. Walking distance to Kitchener Downtown Core.
Full Development credits will be issued for 5 units upon demolition of the existing residences.
Partial Development credits (Kitchener portion) are available for 8 units from a previously demolished building at 64 Margaret.
For More Information Please Contact: James Boudreau, Broker [email protected] Phone: 519‐743‐5211 Ext: 3020 Coldwell Banker Peter Benninger Realty, Brokerage 508 Riverbend Drive, Kitchener, ON. N2K 3S2 Phone: 519-743-5211 | Fax: 519-742-5800
COLDWELLBANKERCOMMERCIAL.CA * Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
PETER BENNINGER REALTY,BROKERAGE *
MIXED USE DEVELOPMENT LAND
FOR SALE
ZONING - USES
SECTION 53 (By‐law 2008‐154, S.3) LOW INTENSITY MIXED USE CORRIDOR ZONE (MU‐1) No person shall erect, nor use any building in whole or in part, nor use any land in whole or in part, within a MU‐1 Zone for any purpose other than one or more of the following uses, or uses accessory thereto. Such erection or use shall also comply with the prescribed regulations.
• • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • • •
53.1 PERMITTED USES Artisan’s Establishment Canine or Feline Grooming Commercial Recreation Community Centre Craftsman Shop Day Care Facility Duplex Dwelling Dwelling Unit Educational Establishment Financial Establishment Health Clinic Health Office Home Business Hospice (By‐law 2013‐124, S.50) Lodging House Medical Laboratory Multiple Dwelling Museum Office Personal Services Printing Establishment Private Club or Lodge Religious Institution Repair Service Residential Care Facility Restaurant Retail Security or Janitorial Services Scientific, Technological or Communications Establishment Single Detached Dwelling Street Townhouse Dwelling Studio Tourist Home Veterinary Services
53.2 REGULATIONS 53.2.1 For all Uses except Single Detached , Duplex and Street Townhouse Dwellings •
Minimum Front Yard Abutting a Street:
1.5 metres
•
Minimum Side Yard Abutting a Street
4.5 metres
•
Minimum Side Yard
3.0 metres
•
Maximum Front Yard and Maximum
•
Side Yard Abutting a Street
7.5 metres
Minimum Rear Yard
7.5 metres
Minimum yard abutting any Residentially zoned property
7.5 metres*
•
Minimum Façade Height
6.0 metres
•
Maximum Building Height
16.5 metres
•
Minimum Floor Space
Ratio 0.6
•
Maximum Floor Space
Ratio 2.0
•
Minimum Landscaped Area
10% of the lot area.
*See site specific zoning
Coldwell Banker Peter Benninger Realty, Brokerage 508 Riverbend Drive, Kitchener, ON. N2K 3S2 Phone: 519-743-5211 | Fax: 519-742-5800
COLDWELLBANKERCOMMERCIAL.CA * Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
PETER BENNINGER REALTY,BROKERAGE *
MIXED USE DEVELOPMENT LAND
FOR SALE
MAPS & AERIALS
SUBJECT PROPERTY
Coldwell Banker Peter Benninger Realty, Brokerage 508 Riverbend Drive, Kitchener, ON. N2K 3S2 Phone: 519-743-5211 | Fax: 519-742-5800
COLDWELLBANKERCOMMERCIAL.CA * Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
PETER BENNINGER REALTY,BROKERAGE *
MIXED USE DEVELOPMENT LAND
FOR SALE
ECONOMIC OUTLOOK
A Matter of Economy – the Advanced Technology Cluster The fabric of the Waterloo Region's dynamism and its future is woven from the threads of industry employing advanced technology in their product development and manufacturing processes, as well as using advanced technology as a key driver of business competitiveness. The Region's Advanced Technology Cluster crosses many sectors, but has particular prominence in the Automotive, Information & Communications Technology, Advanced Manufacturing, and Business and Financial Services sectors. The region's innovation prowess is reflected in the 30,000 people employed at 1,000 Information Technology companies. Competitive business costs and the most diverse economy in Ontario drive the continued expansion of the advanced technology cluster.
SOURCE: http://www.techtriangle.ca
Coldwell Banker Peter Benninger Realty, Brokerage 508 Riverbend Drive, Kitchener, ON. N2K 3S2 Phone: 519-743-5211 | Fax: 519-742-5800
COLDWELLBANKERCOMMERCIAL.CA * Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
PETER BENNINGER REALTY,BROKERAGE *
MIXED USE DEVELOPMENT LAND
FOR SALE
ECONOMIC OUTLOOK
The Kitchener Census Metropolitan Area (CMA) is comprised of Kitchener, Waterloo, Cambridge, Woolwich and North Dumfries. As of the last federal census, the population of the CMA was 477,160, an increase of 5.7% from 2006. The area continues steady growth, in line with the provincial average between 2006 and 2001. The population of the CMA is predicted to reach 521,652 in 2015, an increase of 5.9% from 2010. Analysts don’t seem to think that the CMS’s population growth will slow down anytime soon, and neither do we.
The median household income for the Kitchener CMA was 72,860 in 2010. By 2015, the median household income is predicted to increase to $87,795.
As of the last federal census, the population of the City of Kitchener sat at 219,153. The population recorded during the 2011 census represents an increase of 7.1% from 204,668 in 2006. The city predicts that the population of Kitchener will continue its rapid growth, hitting 304,665 by 2031. Employment will remain a strong driver in people’s decision to move into the region. The Kitchener CMA currently has over 256,600 employees, attracting people looking for jobs in the area. Kitchener is ranked as the 8th most popular destination for all Canadian U-Haul vehicles in 2011, moving up three spots from #11 in 2010. The U-Haul ranking takes into account all Canadian cities, regardless of size and tracked all movers travelling more than 50 miles to their destination.
Source: REIN:http://www.reincanada.com/ Coldwell Banker Peter Benninger Realty, Brokerage 508 Riverbend Drive, Kitchener, ON. N2K 3S2 Phone: 519-743-5211 | Fax: 519-742-5800
COLDWELLBANKERCOMMERCIAL.CA * Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
PETER BENNINGER REALTY,BROKERAGE *
MIXED USE DEVELOPMENT LAND
FOR SALE
ECONOMIC OUTLOOK
Source: REIN:http://www.reincanada.com/ Coldwell Banker Peter Benninger Realty, Brokerage 508 Riverbend Drive, Kitchener, ON. N2K 3S2 Phone: 519-743-5211 | Fax: 519-742-5800
COLDWELLBANKERCOMMERCIAL.CA * Coldwell Banker Commercial and the Coldwell Banker Commercial Logo are registered service marks licensed to Coldwell Banker Real Estate LLC. Each Office is Independently Owned and Operated.
