This land assembly, totaling 0.86 acres, presents a compelling development potential opportunity with 3 existing income-generating properties situated in the heart of Waterloos energetic uptown core. In 2024, a development concept was brought forward to the City of Waterloo, outlining a 12-story residential apartment building with 129 units. The plan includes 17 parking spaces located at grade behind the building, complemented by additional underground parking whose quantity has yet to be specified. The project adheres to the area's zoning regulations and complies with both the Official Plan and applicable Zoning By-Laws, including matching the scale and height of surrounding developments. This prime location lies within one of Waterloos most desirable neighborhoods and falls inside the Willis Way Protected Major Transit Station Area (PMTSA), where minimum parking requirements are waived under Bill 185. The vision for the residential development centers around connected urban living, offering future residents immediate access to restaurants, boutiques, entertainment, and cultural attractions. With nearby schools, green spaces, institutions, and modern infrastructure enhancements, this site is exceptionally well-positioned to benefit from long-term growth, sustained demand, and increasing value. The seller and their representative make no guarantees about the property's future use or development potential regardless of any of the favorable information noted. The buyer is fully responsible for investigating all current and future matters related to the property and future development. Image of the 12 story building in the listing is merely a virtual rendering to help give some perspective on what may be possible. (id:66096)
Property Details
MLS®
X13131374
Property Type
Vacant Land
Zoning
RMU-40
Bathrooms
0
Lot Size
131 × 288 ft (37,562 sq ft)
Frontage
131 ft
Property Tax
$15,935.7/yr
Listed
174 days ago
Services
Utilities
Sewer, Electricity, Cable
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
174d
Waterloo listings, avg age
67d
List price
$8.00M
Long Listed: 174 days on market, against an average age of 67 days across the listings currently for sale in this city
Market timing · days on market0 → 67d avg age of current listings
Long Listed · day 174
Homes here sell faster than most markets
Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
Haho
This vacant land in Waterloo is available now. Want me to connect you with the agent or keep you posted on any price updates?
Listed by CENTURY 21 B.J. ROTH REALTY LTD. · GEORGE PATRICK NAGEL
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Area context
Neighbourhood profile (N2L)
This home lists at $7,999,999, about 115.1× the local median household income of $69,500.
Carrying it typically needs a household income of about $1,562,680 (20% down, 25-yr amortization, stress-tested) — roughly 2148% above the area median.
Median household income
$69,500
Population
37,953
Median age
29.8
Owner / renter
37% / 63%
Avg. household size
2.2
Source: Statistics Canada, 2021 Census (FSA N2L)
$7,999,999
For sale
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