Description

An outstanding opportunity for developers and builders to secure a prime land assembly in one of the city's most rapidly evolving corridors. This mixed-use commercial property offers 0.536 acres of land at the high-traffic intersection of Main Street and Franklin Boulevard - a location that benefits from exceptional visibility, strong daily traffic exposure, and a diverse surrounding mix of residential, commercial, and community facilities. This property is being sold in conjunction with 642 Main Street, creating a combined land assembly that significantly enhances the scope and scale of any future redevelopment project. Whether your plans call for residential, mixed-use, or community-focused development, this assembly provides the footprint and flexibility to bring a meaningful project to life. Zoned M3, the property is well-positioned within a municipality that has introduced new, favourable redevelopment and re-zoning plans specifically for this area - providing developers with a supportive regulatory environment and a clear path forward for approvals and planning. The surrounding neighbourhood continues to see active growth, with new development projects underway across residential and community sectors. (id:66096)

Property Details

MLS®: X13031690
Property Type: Retail
Business Type: Automobile
Zoning: M3
Interior Size: 1 ft²
Lot Size: 23,348 sq ft (0.53 ac)
Frontage: 66 ft
Heating: Forced air, Natural gas
Cooling: Fully air conditioned
Garage: Other
Property Tax: $7,108/yr
Listed: 196 days ago

Market Timing

Days on market

196d

Waterloo listings, avg age

67d

Price / ft²

$2,995,000

List price

$3.00M

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.

Area context

Neighbourhood profile (N1R)

This home lists at $2,995,000, about 38.9× the local median household income of $77,000.

Carrying it typically needs a household income of about $585,028 (20% down, 25-yr amortization, stress-tested) — roughly 660% above the area median.

Median household income: $77,000
Population: 42,928
Median age: 40.8
Owner / renter: 59% / 41%
Avg. household size: 2.5

Source: Statistics Canada, 2021 Census (FSA N1R)

$2,995,000· $2,995,000/ft²

For sale

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Financing

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600 Main Street, Waterloo - Retail for Sale

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (N1R)

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