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    For Sale - 310 King Street, Waterloo, Ontario

    Est payment $8,643/mo
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    Views   2
    Time on Jump  24 day

    AI Summary *

    • Prime development site near Wilfrid Laurier University and 20,000 students.
    • Concept plans for a 7-storey building with 42 apartment units.
    • At-grade parking simplifies construction and reduces costs.
    • Easy access to restaurants, shopping, and public transit.
    • Current triplex provides income while planning for future development.




    Rare opportunity to acquire a strategic development site just steps from wilfrid laurier university and within walking distance of nearly 20,000 full-time post-secondary students. Positioned along the highly sought-after king street corridor, this property offers investors and developers the chance to secure a prime parcel in one of waterloo region's most dynamic growth areas. Conceptual plans prepared for the site illustrate a proposed 7-storey residential building featuring 42 apartment units and 54 bedrooms with a mix of 1-bedroom, 1-bedroom-plus-den, and 2-bedroom suites. Proposed gross floor area of approximately 2,550 m with 13 parking spaces and green space. At-grade parking eliminates the significant costs and complexities commonly associated with underground parking construction. The concept contemplates a modern urban mid-rise development designed to capitalize on the site's exceptional location and strong rental demand fundamentals. Unlike many development opportunities requiring lengthy land assembly negotiations, this offering presents a streamlined path forward with a single ownership group and a clear vision for the property's future. No complicated multi-owner assembly process. No fragmented land holdings. Just one site with significant redevelopment potential. The location is second to none. Residents can enjoy a short walk to uptown waterloo's restaurants, cafes, shopping, entertainment, major employers, and amenities. Public transit, including the ion lrt corridor, is easily accessible, further enhancing the site's appeal. Adding to the opportunity, the existing property is improved with a triplex, allowing purchasers to generate holding income while advancing planning and development objectives. This property offers both current cash flow and future redevelopment potential. Prime location. Existing income. Development upside. Opportunities of this scale and simplicity are increasingly difficult to find in waterloo's core.
    Listing IDX13781038
    Address310 King Street
    CityWaterloo, Ontario
    Price$1,800,000
    StyleLand
    Land Size8072
    TypeVacant Land
    StatusFor Sale

    Subtype LandCommunity Features Public TransitSewer Sanitary+Storm

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    Listing Brokerage: ROYAL LEPAGE WOLLE REALTY

    * 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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    310 King Street
    Waterloo , Ontario
    $1,800,000
    Get more info