205-209 Erb Street W, Waterloo, ON N2L 1V6, Waterloo, ON
0.89 sqft
This land assembly, totaling 0.89 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.
Property Highlights
For Sale
MLS NO.
X12309086
Type
Commercial
Sub Type
Investment
Square Footage
0.89 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X12309086
Lot Width
130.62
Lot Size
38000.0
Lot Size Units
SquareFeet
Garage Type
None
Cooling
No
Heat Type
Other
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
205-209 Erb Street W, Waterloo, ON N2L 1V6
City
Waterloo
County / Region
Waterloo
Province / State
ON
Postal Code
N2L 1V6
Cross Street
ERB ST W/WESTMOUNT RD S.
Directions
NORTH ON WESMOUNTRD S., TURN RIGHT ON ERB ST W
Country
CA
List Price
$9,999,999
Annual Taxes
$15,936
Tax Year
2025
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
Possession Type
Flexible
Possession Details
FLEXIBLE
Listing Office
CENTURY 21 B.J. ROTH REALTY LTD.
Board
Toronto Regional Real Estate Board
Original Entry
2025-07-26T13:56:20Z
Media Updated
2025-07-26T13:56:20Z
Photos Updated
2025-07-26T13:56:20Z
Last Modified
2025-12-30T23:55:51Z
System Modified
2025-12-30T23:55:51.220324Z
MLS Status
Extension
Ddfyn
Yes
Expiration Date
2026-07-31
Heat Type Multi
Other
Hstapplication
Included In
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
224080010
Public Remarks
This land assembly, totaling 0.89 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.
