This site includes two adjoining properties totaling approximately 0.54 acres, located just minutes from both Uptown Waterloo and the University District. The site is currently improved with a four-unit apartment building and a single-family home, both of which are fully leased, providing immediate holding income. It is zoned Residential Mixed-Use 20 (RMU-20), which permits development of up to six storeys in height. A Site Plan Application has been conditionally approved for a 6-storey, 74-unit apartment building, helping to streamline the development timeline and reduce upfront planning risks for prospective buyers. Given its strategic location, preliminary development plans, and strong market fundamentals, 392–398 Erb Street West represents a compelling infill development opportunity—complete with holding income—in one of Waterloo’s most desirable growth corridors. Note: Both properties must be sold together. Please sign CA to access data room. Offers must include Seller’s Schedule C (ask LA for a copy).
Lennard Commercial Realty
$2,849,000
392-398 Erb Street W, Waterloo, Ontario
0 Bedrooms
5650 Sqft
Property
MLS® Number: 40759326
Address: 392-398 Erb Street W
City: Waterloo
Exterior: Brick Veneer
Lot Size: 183.0ft x 132.0ft
Parking
Parking Spaces: 6
This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.
Property Sale History
Travel and Neighbourhood
Location
