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    For Sale - 205-209 Erb Street, Waterloo, Ontario

    Est payment $38,415/mo
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    Views   5
    Time on Jump  143 day

    AI Summary *

    • 0.86 acres with three income-generating properties in a vibrant area.
    • Proposed 12-story residential building with 129 units offers exciting development potential.
    • Location within desirable neighborhood provides access to restaurants and entertainment.
    • Zoning compliance ensures alignment with surrounding developments and regulations.
    • Close to schools, parks, and modern infrastructure for long-term growth.




    This land assembly, totaling 0. 86 acres, presents a compelling development potential opportunity with 3 existing income-generating properties situated in the heart of waterloos energetic uptown core. In 2024, a development concept was brought forward to the city of waterloo, outlining a 12-story residential apartment building with 129 units. The plan includes 17 parking spaces located at grade behind the building, complemented by additional underground parking whose quantity has yet to be specified. The project adheres to the area's zoning regulations and complies with both the official plan and applicable zoning by-laws, including matching the scale and height of surrounding developments. This prime location lies within one of waterloos most desirable neighborhoods and falls inside the willis way protected major transit station area (pmtsa), where minimum parking requirements are waived under bill 185. The vision for the residential development centers around connected urban living, offering future residents immediate access to restaurants, boutiques, entertainment, and cultural attractions. With nearby schools, green spaces, institutions, and modern infrastructure enhancements, this site is exceptionally well-positioned to benefit from long-term growth, sustained demand, and increasing value. The seller and their representative make no guarantees about the property's future use or development potential regardless of any of the favorable information noted. The buyer is fully responsible for investigating all current and future matters related to the property and future development. Image of the 12 story building in the listing is merely a virtual rendering to help give some perspective on what may be possible.
    Listing IDX13131378
    Address205-209 Erb Street
    CityWaterloo, Ontario
    Price$7,999,999
    StyleInvestment
    Land Size38000
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Other

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    Listing Brokerage: CENTURY 21 B.J. ROTH REALTY LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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