Description

Premium Investment Opportunity in the Heart of Waterloo! An exceptional opportunity to invest in a highly desirable location on William Street West. This subdivided two-lot package offers outstanding development potential, with previously City-approved plans for a total of 4 residential units across both lots. The original plans included two 2-storey, 3-bedroom, 2.5-bathroom homes, each with an additional 2-bedroom, 1-bathroom accessory dwelling unit, offering excellent potential for rental income or multi-generational living. Previously approved plans are available for review, providing a valuable starting point for future development. Demolition has already been completed, leaving vacant land ready for your vision. Situated on sought-after William Street West, this property offers convenient access to universities, shopping, restaurants, transit and local amenities in one of Waterloo's established neighbourhoods. Whether you're an investor, builder or developer, this is a rare opportunity to explore the potential of two vacant lots in a prime Waterloo location. To be sold as a package with 89B William St W. Price is per lot. Property taxes are still to be individually assessed by the City; taxes listed reflect the combined taxes for both lots. (id:66096)

Market Timing

Days on market

26d

Waterloo listings, avg age

67d

List price

$425K

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 has been listed for 26 days, which is 41 days fresher than the city average of 67. Act while there is still low competition.

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Area context

Neighbourhood profile (N2L)

This home lists at $425,000, about 6.1× the local median household income of $69,500.

Carrying it typically needs a household income of about $83,017 (20% down, 25-yr amortization, stress-tested) — roughly 19% 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)

$425,000

For sale

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Financing

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89B William Street West, Waterloo - Vacant Land for Sale

Description

Property Details

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Market Timing

Location

Nearby Places

Neighbourhood profile (N2L)

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