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500 Cataraqui Woods dr - 500 Cataraqui Woods Dr

5.34 Acres of Commercial Land Offered at £7,217,576 in Kingston, ON K7P 0E9

Executive Summary

Presenting an unparalleled chance to acquire a prime parcel of zoned development land in Kingston’s fast-growing west end, this property includes recent zoning approvals in place permitting a density of up to 280 units per net hectare, up to 6 stories of residential, and allowing for commercial space on the ground floor. Its strategic location, coupled with high demand for rental apartments, positions this property as an ideal canvas for visionary developers. With ± 5.344 acres of well-configured land on a prominent corner, this opportunity offers limitless potential to create a landmark destination that caters to the evolving needs of the community. For qualified buyers, a comprehensive
package of due diligence documentation is available, ensuring a transparent and efficient transaction process.

Property Facts

Price £7,217,576
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Mixed Use
Total Lot Size 5.34 AC

1 Lot Available

Lot

Price £7,217,576
Price Per AC £1,351,606
Lot Size 5.34 AC

Description

Situated on the northwest corner at the intersection of Centennial Drive and Cataraqui Woods Drive in the Cataraqui North neighbourhood, the development sits in Kingston’s suburban West End – the fastest growing area of the City. Nestled at the crossroads of major transportation routes, Highway 401 and surrounded by developing residential communities, national retailers, and nearby parks, schools, and recreational facilities, this is a location lends to a wellrounded lifestyle that appeals to a broad range of residents including young professionals, families and retirees alike. The property is located just over one kilometer from Princess Street and Kingston’s largest retail corridor making local and national retailers, restaurants, and personal services highly accessible. Future residents can enjoy the convenience of the following stores and attractions all located within a two kilometer radius: Costco, Farm Boy, Loblaws, Canadian Tire, Lowes, Rona, Walmart, The Beer Store, LCBO, Tim Horton’s, Starbucks, The Cataraqui Centre, The Invista Centre (four ice pads, fitness centre, outdoor turf and grass fields), and many others.

zoning

Zoning Code URM2 - E142 & E143 - H231
URM2 - E142 & E143 - H231
  • Listing ID: 30783634

  • Date on Market: 25/01/2024

  • Last Updated:

  • Address: 500 Cataraqui Woods dr, Kingston, ON K7P 0E9

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