Realestate

Property Details

1 of 3
$3,288,000
282 Erb Street, Waterloo, ON N2L 1W3
0
N/A
MLS®X13007430
Property Type
Residential Freehold
Sub Type
Vacant Land
Heating
N/A
Cooling
Lot Size
172.49 x 73.77 Feet
Approx Age
N/A
Previously approved site plan for a 35-unit rental/condominium development, zoned RMU-20 (Residential Mixed Use)-a compelling opportunity tailored for small to mid-sized developers targeting a proven, high-demand rental corridor.Positioned just steps from the University of Waterloo and Wilfrid Laurier University, the property is ideally suited for student housing as well as potential senior/retirement-oriented rental concepts. The location offers consistent, year-round rental demand driven by a strong academic and local community base. Walking distance to both campuses, combined with a direct bus stop at the doorstep, ensures exceptional accessibility and enduring tenant appeal.Offered at land value with existing building permits in place (subject to amendment for updated plans), this is a rare, near shovel-ready development opportunity-allowing investors to accelerate timelines and unlock value with minimal upfront entitlement risk.
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