555 PARK Street
Kitchener
3 bed • Single Family
DEVELOPER ALERT: PRIME SGA-2 STRATEGIC GROWTH SITE. Attention Investors and Builders: This is a rare opportunity to secure a high-density wide lot in the heart of Kitchener’s Strategic Growth Area (SGA-2). Being sold strictly for land value, this property is positioned within a Major Transit Station Area (MTSA), where the City’s Growing Together framework encourages significant intensification. The current SGA-2 zoning supports a wide range of high-yield possibilities, including mid-rise residential development up to 8 storeys or versatile mixed-use projects. With the existing structure in as-is teardown condition, the value is entirely in the footprint and the aggressive zoning permissions that allow for a transition from single-use to a high-density urban form. Don't miss your chance to build upward in one of the region’s most rapidly transforming corridors—where the policy for growth is already paved for your next project. AS IS - NOT habitable as is.
Price History
Schools
Secondary
- Kitchener Waterloo Collegiate and Vocational School0.6 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% met the provincial standard
- Bluevale Collegiate Institute2.4 km
Public · Waterloo Region DSB · 1115 students
Grade 10 literacy: 88% met the provincial standard
- Waterloo Collegiate Institute2.8 km
Public · Waterloo Region DSB · 1480 students
Grade 10 literacy: 85% met the provincial standard
Elementary
- Westmount Public School0.9 km
Public · Waterloo Region DSB · 480 students
Grade 3 reading: 66% met the provincial standard · Grade 6 math: 38% met the provincial standard
- King Edward Public School0.9 km
Public · Waterloo Region DSB · 380 students
Grade 3 reading: 55% met the provincial standard · Grade 6 math: 30% met the provincial standard
- St John Catholic Elementary School1 km
Catholic · Waterloo CDSB · 460 students
Grade 3 reading: 44% met the provincial standard · Grade 6 math: 43% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2G
- Population
- 14,580
- Private dwellings
- 8,284
- Median age
- 38
- Average household size
- 1.8
- Median household income
- $62,400
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Single Family in Kitchener · last 12 months
- Median sold price
- $665,000
- Homes sold
- 1,927
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,927 recorded sales of single family properties in Kitchener over the last 12 months.
Location
Mortgage Calculator
$59,980
Estimated Monthly Payment
$1,473
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $1,473/mo (20% down, 5.5%)
Taxes: $0/mo · Insurance: $75/mo
Estimates only. Consult a financial advisor.
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