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395 ERB Street, Waterloo, Ontario, N2L 1W7

MLS® # 40833555
Vacant Land For Sale In Beechwood, Waterloo, Ontario
$1,500,000

None Beds

Aerial view of a residential area with dense tree coverage, featuring a property outlined in red - 395 Erb Street, Waterloo, ON
Image quality insufficient for description - 395 Erb Street, Waterloo, ON
Aerial property with mature trees, a private backyard pool, and road frontage - 395 Erb Street, Waterloo, ON
Aerial view of a residential property featuring extensive tree coverage, a brown-roofed structure, and a visible swimming pool - 395 Erb Street, Waterloo, ON
Aerial perspective of a residential area featuring mature trees and established properties - 395 Erb Street, Waterloo, ON
Aerial perspective showcasing a residential area with extensive tree coverage - 395 Erb Street, Waterloo, ON
Aerial perspective showcasing a residential neighborhood with extensive tree canopies - 395 Erb Street, Waterloo, ON
Aerial view of a residential area with dense tree coverage, featuring a property outlined in red - 395 Erb Street, Waterloo, ON
Image quality insufficient for description - 395 Erb Street, Waterloo, ON
Aerial property with mature trees, a private backyard pool, and road frontage - 395 Erb Street, Waterloo, ON
Aerial view of a residential property featuring extensive tree coverage, a brown-roofed structure, and a visible swimming pool - 395 Erb Street, Waterloo, ON
Aerial perspective of a residential area featuring mature trees and established properties - 395 Erb Street, Waterloo, ON
Aerial perspective showcasing a residential area with extensive tree coverage - 395 Erb Street, Waterloo, ON
Aerial perspective showcasing a residential neighborhood with extensive tree canopies - 395 Erb Street, Waterloo, ON
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395 ERB Street, Waterloo, Ontario, N2L 1W7
$1,500,000

Property Information:

Offered together as a land assembly, 391, 393, and 395 Erb Street West comprise a combined 0.896-acre site (approximately 39,030 sq. ft.) in the highly desirable Waterloo West neighbourhood. Positioned along the Erb Street corridor, these properties benefit from convenient connectivity to Uptown Waterloo, the ION LRT, University of Waterloo, employment hubs, shopping, and everyday amenities. The site’s nearly 200' x 200' square configuration and large road frontage create an ideal canvas for future redevelopment. The properties fall within the City of Waterloo’s recently approved Community Planning Permit By-law – Erb Street Corridor, an innovative planning framework designed to streamline development approvals. The site offers an opportunity to redevelop a 6-storey mixed-use building or stacked townhouse condominiums, with up to 450 bedrooms per hectare. Existing residential dwellings on the properties may provide interim rental income while future plans and approvals are pursued. An excellent opportunity to participate in Waterloo Region’s continued expansion and intensification with a large-scale redevelopment. (id:27)

Building Features:

  • Basement Type: None

Property Features:

  • OwnershipType: Freehold
  • Property Type: Vacant Land
  • Access Type: Highway access
  • Amenities Nearby: Public Transit, Schools
  • Community Features: High Traffic Area
  • Irregular: Yes
  • Lot Depth: 200 Feet
  • Lot Frontage: 92 Feet
  • Lot Size: 0.41 Acres
  • Utility Type: Natural Gas - Available, Hydro - Available, Telephone - Available
  • Zoning: RMU-20 and By-law No. 2026-034
  • Sewer: Municipal sewage system

Courtesy of: BENJAMINS REALTY INC.

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 395 ERB Street, Waterloo, Ontario, N2L 1W7

Demographic Information of 395 ERB Street, Waterloo, Ontario, N2L 1W7

Life Stage

Middle-Aged with Teens

Employment Type

White Collar

Average Household Income

$106,565.08

Average Number of Children

1.99

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.79 %

High school certificate or equivalent

25.17 %

Apprenticeship trade certificate/diploma

5.33 %

College/non-university certificate

18.8 %

University certificate (below bachelor)

1.85 %

University Degree

32.05 %

Commuter

Travel To Work

By Car

84.35 %

By Public Transit

8.49 %

By Walking

3.9 %

By Bicycle

0.19 %

By Other Methods

3.07 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

38.91 %

Houses

61.09 %

Own Vs. Rent

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