A pic from outside/outdoor area/front of a property/back of a property/a pic from drone, street for 95-109 Weber St, Kitchener Ontario N2H 1C6
25 days on Market

95-109 Weber St, Kitchener, Ontario N2H 1C6

Detached
-
-
- sqft
$7,500,000
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Highlights

Estimated ValueNot available

Price/Sqft-

Est. Mortgage$32,209/mo

Tax Amount (2024)$15,902/yr

Days On Market25 days


Description

95-109 Weber Street, 64-74 Cedar Street North and 7 & 14 May Place (the "Property" or the "Site") represents a redevelopment opportunity bordering downtown Kitchener. Spanning 0.71 acres, the Site is currently improved with 7 income-producing multi-residential buildings and a community garden. The Property boasts an exceptional location bordering downtown Kitchener, providing residents with unparalleled access to urban amenities and transportation networks. The Site's proximity to key transit hubs, including the Kitchener Market Station LRT ION stop (450m), the Weber/Cedar GRT bus stop (44m), and the future King-Victoria Transit Hub (1.2km), ensures seamless mobility for commuters and residents through the City. An initial development concept proposed by the Vendor illustrates a high-rise 28-storey tower, yielding 276 residential units and a total GFA of 252,704 SF. The Property represents an opportunity to acquire income-producing assets with significant rental upside.


Property Details

StyleLand
View-
Age of property-
SqFt-
Lot Size29,601 Ac(136.1 x 217.5)
Parking Spaces-
MLS ®Number40704414
Community NameCity Commercial Core
Data SourceITSO
Listing byCBRE LIMITED

Features

Lot size: 29,601 Ac
Sewer (Municipal)

Property History

Mar 6, 2025
ListedActive
$7,500,000
25 days on market
history photo preview2
Listing by itso®
Property listed by CBRE LIMITED, Brokerage

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Population and Demographics

Overview

Total population 3740
Average household income $102,858

Age (%)

20 to 34
32%
35 to 49
20%
65 and plus
18%
50 to 64
17%
0 to 19
13%

Household composition (%)

Single person
52%
Single family
41%
Multi person
7%
Multi family
0%

Mother tongue (%)

English
83%
Others
3%
Arabic
3%
German
2%
Spanish
2%
Portuguese
1%
Mandarin
1%
French
1%

House tenancy (%)

Renters
72%
Owners
28%

Schools and amenities

Estimated Budget