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$ 3,288,000
Est. payment /mo
Active
282 Erb ST W Waterloo, ON N2L 1W3
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID X13007430
Annual Tax Amount $30,385
Tax Year 2026
Property Sub-Type Vacant Land
Property Description
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.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Kitchen 0
Exterior
Waterfront Description None
Lot Frontage 73.77
Lot Depth 172.49
Others
ParcelsYN No
Listed by RE/MAX HALLMARK YORK GROUP REALTY LTD.