09-07-2017, 01:53 PM
(09-07-2017, 01:23 PM)tomh009 Wrote: 21 Cedar St, at the corner of Charles St, and next to the Kitchener Market LRT station, is posted for sale as a redevelopment property.
http://21cedar.schmidtrealty.ca/
An asking price of $1.15M for 0.19 acres, or just over $6M an acre. Not as high as the Crown property in Waterloo but substantially higher than other ones I have seen. A great location, but it's really quite small, greatly limiting what you can do with it, regardless of the zoning.
Lot consolidation. Any developer would try to buy other neighbouring properties as well, then ask for a zone change to allow more density. Here comes another 21 storey slab tower.