205-209 ERB STREET W Waterloo

205-209 ERB STREET W, Waterloo, Ontario

$7,999,999

    This land assembly, totaling 0.86 acres, presents a compelling development potential opportunity with 3 existing income-generating properties situated in the heart of Waterloos energetic uptown core. In 2024, a development concept was brought forward to the City of Waterloo, outlining a 12-story residential apartment building with 129 units. The plan includes 17 parking spaces located at grade behind the building, complemented by additional underground parking whose quantity has yet to be specified. The project adheres to the area's zoning regulations and complies with both the Official Plan and applicable Zoning By-Laws, including matching the scale and height of surrounding developments. This prime location lies within one of Waterloos most desirable neighborhoods and falls inside the Willis Way Protected Major Transit Station Area (PMTSA), where minimum parking requirements are waived under Bill 185. The vision for the residential development centers around connected urban living, offering future residents immediate access to restaurants, boutiques, entertainment, and cultural attractions. With nearby schools, green spaces, institutions, and modern infrastructure enhancements, this site is exceptionally well-positioned to benefit from long-term growth, sustained demand, and increasing value. The seller and their representative make no guarantees about the property's future use or development potential regardless of any of the favorable information noted. The buyer is fully responsible for investigating all current and future matters related to the property and future development. Image of the 12 story building in the listing is merely a virtual rendering to help give some perspective on what may be possible. (id:23309)

    • Listing ID: X13131374
    • Property Type: Vacant Land

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    Details

    • Transaction: For sale
    • Zoning Description: RMU-40

    Building

    • Fireplace Present: False

    Land

    • Size Frontage: 130 ft ,7 in
    • Size Irregular: 130.62 x 287.57 FT

    This property for sale is located at 205-209 ERB STREET W in Waterloo. It was last modified on May 22nd 2026. Let us connect you with one of our real estate agents to schedule a viewing or to discover other Waterloo real estate for sale.

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