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282 ERB STREET W, Waterloo, Ontario, N2L 1W3

MLS® # X13007430
Vacant Land For Sale In Beechwood, Waterloo, Ontario
$3,288,000

None Beds

Architecture Design - 282 Erb Street W, Waterloo, ON
Survey - 282 Erb Street W, Waterloo, ON
Site Plan - 282 Erb Street W, Waterloo, ON
Architecture Design - 282 Erb Street W, Waterloo, ON
Survey - 282 Erb Street W, Waterloo, ON
Site Plan - 282 Erb Street W, Waterloo, ON
  • Advertising
282 ERB STREET W, Waterloo, Ontario, N2L 1W3
$3,288,000

Property Information:

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:27)

Property Features:

  • Property Type: Vacant Land
  • Irregular: Yes
  • Lot Depth: 172.4 Feet
  • Lot Frontage: 73.8 Feet
  • Lot Size: 73.77 x 172.49 FT
  • Utility Type: Sewer - Available, Hydro - Available, Cable - Available
  • Zoning: Rmu-20 Residential Mixed-Use Zone

Courtesy of: RE/MAX HALLMARK YORK GROUP REALTY LTD.

REALTOR.ca  

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Market Price Trends

Single family detached

-3.38%

Price change (1 year)

27.25%

Price change (5 years)

All Properties

-3.74%

Price change (1 year)

27.17%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 282 ERB STREET W, Waterloo, Ontario, N2L 1W3

Demographic Information of 282 ERB STREET W, Waterloo, Ontario, N2L 1W3

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$124,504.94

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

8.58 %

High school certificate or equivalent

24.97 %

Apprenticeship trade certificate/diploma

2.77 %

College/non-university certificate

13.88 %

University certificate (below bachelor)

3.17 %

University Degree

46.63 %

Commuter

Travel To Work

By Car

65.57 %

By Public Transit

10.51 %

By Walking

15.34 %

By Bicycle

0.33 %

By Other Methods

8.25 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

58.69 %

Houses

41.31 %

Own Vs. Rent

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