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547-555 Lancaster St W

1.21 Acres of Residential Land Offered at $4,765,522 USD in Kitchener, ON N2K 1M2

Executive Summary

A unique chance to acquire redevelopment lands in the Lancaster area is available. The offering includes five properties (547, 549, 553, and 555 Lancaster St. W. as well as 9 General Dr.), totaling around 1.21 acres, with mixed (MIX-2) and residential (R4) zoning. All buildings are currently occupied, and the buyer will be required to assume tenancies upon closing. These properties are located directly opposite a proposed redevelopment
that features five multi-residential buildings of varying heights, reaching up to 26 stories
high and a total of 1,198 units. For more information regarding financial details and
Phase 1 (549 Lancaster), please submit a confidentiality agreement

Property Facts

Price $4,765,522 USD
Sale Type Investment
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Residential
Total Lot Size 1.21 AC

1 Lot Available

Lot

Price $4,765,522 USD
Price Per AC $3,938,448.18 USD
Lot Size 1.21 AC

zoning

Zoning Code MIX-2 (Mixed Use Zoning)
MIX-2 (Mixed Use Zoning)
  • Listing ID: 33809366

  • Date on Market: 5/12/2023

  • Last Updated:

  • Address: 547-555 Lancaster St W, Kitchener, ON N2K 1M2

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