205-209 ERB STREET W, Waterloo, Ontario
$10,980,000
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. (id:23309)
- Listing ID: X12309086
- Property Type: Multi-family
Schedule a Tour
Schedule Private Tour
Delbert Williams would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Delbert Williams, who specializes in Waterloo real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Delbert Williams find a property to match your lifestyle.
Listing provided by CENTURY 21 B.J. ROTH REALTY LTD.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 205-209 ERB STREET W in Waterloo Ontario. It was last modified on July 26th, 2025. Contact Delbert Williams to schedule a viewing or to discover other Waterloo real estate for sale.