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685 Adelaide St. North
London, ON N5Y 2L4 Canada
282 Erb Street W Waterloo, Ontario N2L 1W3
$3,288,000
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:41954)
Property Details
| MLS® Number | X13007430 |
| Property Type | Vacant Land |
Building
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 172 Ft ,5 In |
| Size Frontage | 73 Ft ,9 In |
| Size Irregular | 73.77 X 172.49 Ft |
| Size Total Text | 73.77 X 172.49 Ft|under 1/2 Acre |
| Zoning Description | Rmu-20 Residential Mixed-use Zone |
Utilities
| Cable | Available |
| Electricity | Available |
| Sewer | Available |
https://www.realtor.ca/real-estate/29614924/282-erb-street-w-waterloo
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Merrick Bao
Salesperson
25 Millard Ave West Unit B - 2nd Flr
Newmarket, Ontario L3Y 7R5
(905) 727-1941
(905) 841-6018
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April 16 2026 05:16:04
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