Property Description for 151 LANCASTER Street E
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:38686)
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Property Details
Property Tax
: $4,213MLS® #
: 40742387
Property Features
Property Type
: CommercialSquare Footage
: 2,745 SQFTSubdivision
: 212 - Downtown Kitchener/East Ward
Utilities
Sewer
: ["Municipal sewage system"]
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