Size
5650 sqft
Lot size
-
Street frontage
-
Possession
-
Price per sqft
$504
Taxes
$13,244 (2024)
Parking Type
-
Style
Other
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Description
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).
Broker: Lennard Commercial Realty
MLS®#: 40759345
Property details
Parking:
6
Parking type:
-
Property type:
Multiplex
Heating type:
Forced Air
Style:
Other
MLS Size:
5650 sqft
Lot front:
132 Ft
Lot depth:
183 Ft
Listed on:
Aug 11, 2025
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