90 WEBER Street North, Waterloo - Vacant Land for Sale

90 WEBER Street North, Waterloo, Ontario, N2J3G8

1.62 acres lotListed 47 days ago

Overview

This lot in Waterloo is for sale. It has been on the market 47 days, fresher than the Waterloo average of 67 days.

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Description

1.62 acre future development site currently improved with a 15,634 SF fully leased income producing plaza. C1-60 high density zone allowing for 18 storeys and 675 bedrooms per hectare. Located on the corner of Weber Street N. and Lincoln Road with easy access to Highways #7/8 and#401. High density residential area, high exposure and high traffic. Ample on-site free parking. Neighbouring Tenants include Sobey's, Walmart, Shoppers Drug Mart, Tim Horton' s and many more. (id:66096)

Property Details

MLS®: 40864358
Property Type: Vacant Land
Zoning: C1-60
Lot Size: 1.62 acres
Frontage: 157 ft
Price per Acre: $6,018,536 per acre
Basement: None
Ownership: Freehold
Property Tax: $117,794/yr
Listed: 47 days ago

Features

Lot Features: Visual exposure

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Natural Gas, Electricity

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

47d

Waterloo listings, avg age

67d

List price

$9.75M

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 47 days, which is 20 days fresher than the city average of 67. Act while there is still low competition.

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Listed by COLDWELL BANKER PETER BENNINGER REALTY · LESTER TOBIN

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2J)

This home lists at $9,750,000, about 130.9× the local median household income of $74,500.

Carrying it typically needs a household income of about $1,904,516 (20% down, 25-yr amortization, stress-tested) — roughly 2456% above the area median.

Median household income: $74,500
Population: 20,899
Median age: 36.8
Owner / renter: 53% / 47%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N2J)

$9,750,000

For sale

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Financing

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