PRIME DEVELOPMENT PROPERTY

Mixed-Use Approved 11-Storey Project Located At 2934 King Street East, Kitchener, Ontario

Your Gateway to Investment Success

Introducing 2934 King Street E, Kitchener – an approved 11-storey mixed-use development project featuring:

Location Advantage: Steps to Fairway LRT Station, minutes from Highways 8 & 401, and surrounded by thriving retail and educational hubs.

Price: $5,588,000

Other Key
Highlights

⁠Ready-to-Build Prime Development Opportunity

Shovel-Ready with Approved Plans

This 11-storey mixed-use development at 2934 King Street E, Kitchener is a rare shovel-ready opportunity. With detailed site plans, architectural drawings, and all municipal approvals secured, you can start construction immediately, saving time and avoiding approval risks.

Shovel-Ready with Approved Plans

Total GFA: 93,146 SF, thoughtfully designed for both residential (84,110 SF) and commercial (9,036 SF) use, with commercial space strategically located on the first and second floors.

77 residential units (a mix of 1, 2, and 3-bedroom suites) cater to diverse market demands.

Includes 120 parking spaces for residential, commercial, and visitor use, ensuring functionality for a vibrant mixed-use community.

Strategic Transit-Oriented Location

Situated within a Planned Transit Corridor, this development is perfectly positioned to capitalize on transit-oriented demand.

Steps to Fairway LRT Station, offering seamless connectivity across the Kitchener-Waterloo region.

5-minute drive to Highways 8 and 401, ensuring accessibility for residents, businesses, and visitors.

Immediate Revenue Potential

Existing 6,300 SF retail plaza with five tenants generating $142,137/year in rental income provides immediate cash flow.

Flexible for phased development, allowing revenue generation while completing the new construction.

Prime Location for Urban Growth

Close proximity to Fairview Park Mall, Sportsworld Crossing, Deer Ridge Shopping Centre, and leading universities like Waterloo and Laurier.

The region is a booming tech hub, with 1,056+ start-ups since 2010, attracting young professionals and families.

Backed by a $1.26B government innovation fund, ensuring long-term economic growth.

High-Performing Market

1.9% residential vacancy rate (CMHC), highlighting strong demand for quality housing.

Recent condo sales average $900–$1,200 PSF, underscoring excellent ROI potential.

Surrounded by multi-million-dollar developments, including Sportsworld Crossing and Elevate Condos, reinforcing the area’s appeal.

Your Gateway to Investment Success

This project offers a perfect balance of residential and commercial spaces in a high-growth market with strong transit connectivity. Investors can confidently capitalize on a ready-to-build development designed to meet the demands of today’s urban lifestyle.

Location Overview

The Site’s location offers superior transit connectivity, with GRT bus routes surrounding the Property, just one kilometer to the Fairview LRT Station. The Site boasts close proximity to major commercial areas including the Fairway Park Mall, Sportsworld Crossing, and Deer Ridge shopping centre. Nearby residential amenities include Costco, outlet shops and restaurants.

RETAIL & AMENITIES

The Property enjoys excellent proximity to retail amenities including grocery stores, coffee shops, retail shopping, restaurants, parks and the universities.