For Sale · Land

270 DOON VALLEY Drive, Kitchener

270 DOON VALLEY Drive, Kitchener, ON N2P1B3

$995,000 total

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Asset Class

Land

Size

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Building class

B

Zoning

AG — Agricultural

$ / SF

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Occupancy

89%

Lot Size

0 ac

About this property

270 Doon Valley Drive, Doon – Kitchener Prime Development Opportunity | R5 Zoning | Multi-Residential Potential An exceptional land development opportunity in one of Kitchener's most sought-after growth areas, directly across from Conestoga College's Doon Campus. Ideally situated just steps from the college, this property offers an outstanding location for developers and investors looking to capitalize on the strong demand for residential housing in this established and expanding neighbourhood. Featuring a substantial lot with R5 zoning, the property offers exciting potential for multi-residential development, with the possibility of accommodating approximately 9–16 residential units, subject to municipal approvals, site plan requirements and applicable development regulations. Adding further value, development plans have already been prepared illustrating potential building configurations and development options, giving prospective purchasers a valuable head start in exploring the property's development possibilities. With its strategic location across from a major educational institution, proximity to amenities, established neighbourhood and significant redevelopment potential, 270 Doon Valley Drive represents a rare opportunity to secure a prime development parcel in the heart of Doon. Prime location. R5 zoning. Development plans available. Significant multi-residential potential. An outstanding opportunity for builders, developers and investors looking to unlock the full potential of this exceptional property. (id:66811)

Financial sandbox

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Estimate
Purchase price$995K
Down payment30% · $299K
Interest rate6.25%
Amortization25 years
Occupancy89%
Expense growth2.5%

Monthly debt service

$5K

Projected NOI

$40K

Annual cash flow

$-15K

Cash-on-cash

-5.03%

DSCR

0.73

Going-in cap

4.03%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

90,718

Households

33,385

Median income

$107,500

Median age

34.3

Daytime population

101,457

5-yr growth

5.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 270 DOON VALLEY Drive, Kitchener.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.