282 ERB STREET W, WATERLOO

2026-04-16
 

Quick Summary

Location
282 ERB STREET W, WATERLOO, Ontario N2L1W3
Price
$3,288,000 CAD
Status:
For Sale
Property Type:
Vacant Land

MLS®#X13007430

Property Description

Previously approved site plan for a 35-unit rental/condominium development, zoned RMU-20 (Residential Mixed Use)-a compelling opportunity tailored for small to mid-sized developers targeting a proven, high-demand rental corridor.Positioned just steps from the University of Waterloo and Wilfrid Laurier University, the property is ideally suited for student housing as well as potential senior/retirement-oriented rental concepts. The location offers consistent, year-round rental demand driven by a strong academic and local community base. Walking distance to both campuses, combined with a direct bus stop at the doorstep, ensures exceptional accessibility and enduring tenant appeal.Offered at land value with existing building permits in place (subject to amendment for updated plans), this is a rare, near shovel-ready development opportunity-allowing investors to accelerate timelines and unlock value with minimal upfront entitlement risk. (id:32467)

Property Features

Building

  • Fireplace: No
  • Utility Water: Municipal water

Land

  • Land Size: 73.77 x 172.49 FT|under 1/2 acre

Zoning

  • Description: Rmu-20 Residential Mixed-Use Zone

Information entered by RE/MAX HALLMARK YORK GROUP REALTY LTD.
Listing information last updated on: 2026-04-16 17:16:04


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norm4000@gmail.com
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