205-209 Erb Street W,Waterloo, ON N2L 1V6
Waterloo, ON N2L 1V6
Description
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.
Details
| MLS # | X13131374 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Extension |
| Year | 0 |
| Days On Site | 176 |
| Listing Provided By | CENTURY 21 B.J. ROTH REALTY LTD. | X13131374 074711 |
Features
| Acreage | 0.86 |
|---|---|
| Water Front | None |
Taxes
| Tax Annual Amount | 15935.7 |
|---|---|
| Tax Legal Description | PT LT 42 PL 496 CITY OF WATERLOO AS IN 743232 EXCEPT PT 21, 58EX438; S/T 943478; WATERLOO; PT LT 42 PL 496 CITY OF WATERLOO AS IN 743164 EXCEPT PT 19, 58EX438; WATERLOO; PT LT 42 PL 496 CITY OF WATERLOO AS IN 779127 EXCEPT PT 17, 58EX438; S/T 943478; WATERLOO |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| County | Waterloo |
| City | Waterloo |
| Postal Code | N2L 1V6 |
| Listing VS Median (in N2L 1V6) | |
Price: $7,999,999 low | high Med: $7,999,999 On site: 176 low | high Med: 176 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Waterloo |
| City | Waterloo |
| Postal Code | N2L 1V6 |
| Listing VS Median (in N2L 1V6) | |
Price: $7,999,999 low | high Med: $7,999,999 On site: 176 low | high Med: 176 | |
 | $7,999,999205-209 Erb Street WWaterloo, ON N2L 1V6 |