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The property is one of the last remaining privately held land parcels of significant size in the downtown core with immediate development potential. The 0.9 acre land parcel, and access on both Queen St S, and Ontario St, present an opportunity to develop a significant multi-res project that overlooks Victoria Park, and is steps to two LRT stops and major employers located in downtown Kitchener. This site is also located in Kitchener' s Urban Growth Centre, which is currently development charge exempt and offers other development incentives.