310 King Street N,Waterloo, ON N2J 2Z2
Waterloo, ON N2J 2Z2
Description
Rare opportunity to acquire a strategic development site just steps from Wilfrid Laurier University and within walking distance of bearly 20,000 full time post-secondary students. Positioned along the highly sought-after King Street corridor, this property offers investors and developers the chance to secure a prime parcel in one of Waterloo Region's most dynamic growth areas.Architectural schematic plans are available for a proposed 8-storey apartment building featuring at-grade parking, eliminating the significant costs and complexities commonly associated with underground parking construction. The concept contemplates a modern, urban mid-rise development designed to capitalize on the site's exceptional location and strong rental demand fundamentals.Unlike many development opportunities requiring lengthy and uncertain land assembly negotiations, this offering presents a streamlined path forward with a single ownership group and a clear vision for the property's future. No complicated multi-owner assembly process. No fragmented land holdings. Just one site with significant redevelopment potential.The location is second to none. Residents can enjoy a short walk to Uptown Waterloo's vibrant collection of restaurants, cafes, shopping, entertainment venues, major employers, and year-round amenities. Public transit, including the ION LRT corridor, is easily accessible, further enhancing the site's appeal for future residents.Adding to the opportunity, the existing property is improved with a triplex, allowing purchasers to generate holding income while advancing planning, design, and development objectives. If you are an experienced developer, investor, or builder seeking a well-located mid-rise opportunity, this property offers a combination of current cash flow and future redevelopment potential.Prime location. Existing income. Development upside. Opportunities of this scale and simplicity are increasingly difficult to find in Waterloo's core.
Details
| MLS # | X13781038 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 13 |
| Listing Provided By | ROYAL LEPAGE WOLLE REALTY | X13781038 356100 |
Features
| SQ Feet | 8,072 |
|---|---|
| Acreage | 0.19 |
Exterior
| Community Features | Public Transit |
|---|
Utilities
| Utilities | Available |
|---|---|
| Sewer | Sanitary+Storm |
Taxes
| Tax Annual Amount | 8378.72 |
|---|---|
| Tax Assessed Value | 665000 |
| Tax Type | Annual |
| Tax Legal Description | PT LT 76 SUBDIVISION OF LT 13 GERMAN COMPANY TRACT CITY OF WATERLOO PT 1, 58R12713; WATERLOO |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Waterloo |
| Postal Code | N2J 2Z2 |
| Listing VS Median (in N2J 2Z2) | |
Price: $1,800,000 low | high Med: $1,800,000 sqft: 8,072 low | high Med: 8,072 $ / sqft: $223 low | high Med: $223 On site: 13 low | high Med: 13 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Waterloo |
| Postal Code | N2J 2Z2 |
| Listing VS Median (in N2J 2Z2) | |
Price: $1,800,000 low | high Med: $1,800,000 sqft: 8,072 low | high Med: 8,072 $ / sqft: $223 low | high Med: $223 On site: 13 low | high Med: 13 | |
