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$ 1,800,000
Est. payment | /mo
8,072 SqFt
$ 1,800,000
Est. payment | /mo
8,072 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 8,072 sqft
Price per Sqft $222
MLS Listing ID X13781038
Annual Tax Amount $8,378
Tax Year 2026
Property Sub-Type Land
Property Description
Rare opportunity to acquire a strategic development site just steps from Wilfrid Laurier University and within walking distance of bearly 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.Architectural schematic plans are available for a proposed 8-storey apartment building featuring at-grade parking, eliminating 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 and uncertain 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 vibrant collection of restaurants, cafes, shopping, entertainment venues, major employers, and year-round amenities. Public transit, including the ION LRT corridor, is easily accessible, further enhancing the site's appeal for future residents.Adding to the opportunity, the existing property is improved with a triplex, allowing purchasers to generate holding income while advancing planning, design, and development objectives. If you are an experienced developer, investor, or builder seeking a well-located mid-rise opportunity, this property offers a combination of 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.
Location
Province ON
County Waterloo
Area Waterloo
Exterior
Community Features Public Transit
Utilities Available Available
Lot Frontage 66.12
Lot Depth 122.2
Others
ParcelsYN No
Listed by ROYAL LEPAGE WOLLE REALTY
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