An exceptional opportunity to acquire an infill development site with excellent holding income in the heart of Downtown Kitchener. Prominently positioned on an approximately 0.4 acre corner parcel, 93-99 Benton Street currently generates gross rental income exceeding $200k/yr. The property supports a concept for a striking 13 storey mixed use development comprising 96 residential units, ground floor commercial space and outdoor amenity space. Located just 350 metres from the Queen ION LRT station, the property offers outstanding connectivity with no minimum parking requirement. The Kitchener Market, Victoria Park, multiple restaurants, cafés, cultural destinations and the University of Waterloo Health Sciences Campus are all within walking distance. The Innovation District, home to Google and downtown employment centres, is only minutes away. This is a rare opportunity to secure immediate income and a significant redevelopment project in one of Waterloo Region's most dynamic urban growth areas. Adjoining high density sites at 115 and 119 Benton St. are also available for purchase bringing the total land size to +/- 1.75ac.
| MLS # | X13853384 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 26 |
| Listing Provided By | Sotheby's International Realty Canada, Brokerage | X13853384 541001 |
| SQ Feet | 16,552 |
|---|---|
| Acreage | 0.38 |
| Utilities | Yes |
|---|---|
| Sewer | Sanitary |
| Tax Annual Amount | 23530 |
|---|---|
| Tax Assessed Value | 1007000 |
| Tax Type | Annual |
| Tax Legal Description | PT LT 1 PL 405 KITCHENER PT 1 58R10645; KITCHENER |
| Tax Year | 2026 |
| Province | ON |
|---|---|
| County | Waterloo |
| City | Kitchener |
| Postal Code | N2G 3H5 |
| Listing VS Median (in N2G 3H5) | |
Price: $1 low | high Med: $1 sqft: 16,552 low | high Med: 16,552 $ / sqft: $0 low | high Med: $0 On site: 26 low | high Med: 26 | |
| Province | ON |
|---|---|
| County | Waterloo |
| City | Kitchener |
| Postal Code | N2G 3H5 |
| Listing VS Median (in N2G 3H5) | |
Price: $1 low | high Med: $1 sqft: 16,552 low | high Med: 16,552 $ / sqft: $0 low | high Med: $0 On site: 26 low | high Med: 26 | |