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{"Bounds":{"west":-80.5328557212,"east":-80.435049649,"south":43.427370275843,"north":43.443539950957},"search":{"sortby":"Price (High-Low)","priceRange":{"min":0,"max":0},"searchType":"residential","listingType":["Sale"]},"_request":"{\"coordinates\":{\"$geoWithin\":{\"$box\":[[-80.5328557212,43.427370275843],[-80.435049649,43.443539950957]]}},\"searchType\":\"residential\",\"listingType\":{\"$in\":[\"Sale\"]}}","total":"216"}[{"TypeID":"RESI","searchType":"residential","listingType":"Sale","Status":"New","seoURL":"\/ON\/kitchener\/n2g2r2\/14471987-MLS-40787285-na-983-&-991-995-KING-ST.-E.-&-512-","PicturesAmount":27,"BoardID":25,"SystemBoardID":25,"Source":"CA","PID":14471987,"Address":"983 & 991-995 KING ST. 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Pre-consultations with city planners and regional precedents indicate the potential for increased density through higher Floor Area Ratio (FAR) and Gross Floor Area (GFA) allowances. With frontage on King, Borden, and Charles streets, the property offers exceptional access. Preliminary site plan modeling suggests approval for approximately 304 units in a single tower configuration. The accompanying photos highlight the property\u2019s boundaries and the potential high-rise development. 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Pre-consultations with city planners and regional precedents indicate the potential for increased density through higher Floor Area Ratio (FAR) and Gross Floor Area (GFA) allowances. With frontage on King, Borden, and Charles streets, the property offers exceptional access. Preliminary site plan modeling suggests approval for approximately 304 units in a single tower configuration. The accompanying photos highlight the property\u2019s boundaries and the potential high-rise development. 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Several suites have been updated with modern finishes; others remain in clean, rent-ready condition\u2014ideal for an investor to capture organic rent growth on turnover without a heavy CapEx program. On-site laundry (2), 16 storage lockers, and 17 surface parking stalls. Family-friendly pocket near parks, schools, Fairway shopping, and transit including Courtland buses & Block Line LRT. R-6 zoning. Strong tenant appeal today with additional upside through suite refreshes as leases roll. 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Studies completed to Date for the ZBA application: Geotechnical report, Legal and Topo Survey, Site Servicing, Wind Study, Shadow Study, Traffic and Parking Study, Noise Study, ESA Phase 1, Landscape, 28 Stories Concept Drawings with 326 Units plus 3 Commercial areas on Ground Level. The properties were amalgamated and transferred into the Corporations Ownership.286 and 288 Ottawa were amalgamated into one, also 292 and 296 were amalgamated into one. The total asking price for all properties is $2,990,000.00. 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The 3,300+s.f. building features three dedicated entrances, currently with spa\/clinic layout on lower 2 levels and a 4 bedroom residential home on upper 3 levels. Featuring 11 paved parking spaces, fully fenced back yard area with storage shed, newer furnace and A\/C, security system and brand new kitchen. Additional features include a fully functional gym area in basement with in floor heating, sauna, steam room, contrast showers, custom built soaking tub and more. 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