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    For Sale - 316 King Street, Waterloo, Ontario

    Est payment $71,452/mo
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    Views   4
    Time on Jump  76 day

    AI Summary *

    • Prime King Street address close to major universities and colleges.
    • Existing 10-storey building with a strong rental history and immediate cash flow.
    • Fully rented since 2009, ensuring stability and long-term investment value.
    • Approved zoning for a 14-storey condo development allows for growth.
    • Equipped with a team of professionals ready to assist with development.




    A rare opportunity to acquire a prominent king street address in the heart of waterloo, anchored by an existing 10-storey residential building with a proven rental history. Strategically located within walking distance to the university of waterloo, wilfrid laurier university, and conestoga college waterloo campus, this property sits in one of the region's most desirable rental corridors, surrounded by constant demand from students, professionals, and urban residents. Built in 2009, the existing building has remained fully rented since completion, offering investors immediate in-place income, stability, and long-term holding value in a high-growth market. The additional upside makes this opportunity truly exceptional. The same lot benefits from approved zoning for a 14-storey condominium development, allowing for a total project of 123 condominium apartments with a mix of one, two, and three-bedroom units. This gives the purchaser the rare ability to secure strong existing cash flow today while unlocking significant future development potential. For builders, developers, and strategic investors, the groundwork has already been advanced. A full team of architects, planners, and builders is available and ready to assist with execution, if required. This is more than a development site. It is an income-producing asset with a clear path to growth in one of waterloo's strongest urban locations.
    Listing IDX13604606
    Address316 King Street
    CityWaterloo, Ontario
    Price$14,880,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentFeatures Irregular LotBasement 1Heating / Cooling Gas Forced Air OpenSewer Sanitary+Storm

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    Listing Brokerage: RE/MAX REALTY SPECIALISTS INC.

    * 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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    316 King Street
    Waterloo , Ontario
    $14,880,000
    Get more info