701 University Avenue E

Prime Development Opportunity Backing onto Kaufman Flats With R4 zoning, 167 ft. of frontage, and almost 6,000 sq. ft. of existing living space, this property offers incredible potential for redevelopment or reimagination. Backing onto Kaufman Flats with a peaceful treed backdrop, the site combines privacy with the advantage of a high-visibility location that is easily accessible to public transit, top schools, shopping, and amenities. The existing custom-built 5-bedroom, 4-bathroom home provides a functional layout for large families or multi-generational living, while also appealing to those seeking a site with long-term investment and development potential. A walkout basement with separate entrances, a double car garage, and a separate 2-car garage/workshop with an excavated workshop below add flexibility for home business use or future adaptation. Whether renovated into a spacious family residence, reimagined for multi-unit living, or explored for redevelopment under R4 zoning, this property presents a rare opportunity in one of Waterloo’s most desirable and well-connected communities.