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159-165 Erb Street W, Waterloo, ON, N2L 1V2

MLS® # 40553537
Vacant Land For Sale In Central, Waterloo, Ontario
$4,388,000
159-165 Erb Street W, Waterloo, ON
159-165 Erb Street W, Waterloo, ON
159-165 Erb Street W, Waterloo, ON
159-165 Erb Street W, Waterloo, ON
159-165 Erb Street W, Waterloo, ON
159-165 Erb Street W, Waterloo, ON
159-165 Erb Street W, Waterloo, ON
159-165 Erb Street W, Waterloo, ON
159-165 Erb Street W, Waterloo, ON
159-165 Erb Street W, Waterloo, ON
159-165 Erb Street W, Waterloo, ON
159-165 Erb Street W, Waterloo, ON
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MULTIMEDIA

ACTIVE
159-165 Erb Street W, Waterloo, ON, N2L 1V2
$4,388,000

Property Information:

Compelling Opportunity! Four parcel land assembly featuring 0.542 acres of RMU-20 zoned land available in perhaps the most exciting area in Waterloo! 194 feet of frontage! Situated steps to Waterloo Park's LRT station (about 200 meters) this IS the most intriguing site in Waterloo on the market. Uptown Waterloo, with its shops and nightlight, Waterloo Park and Waterloo Rec Centre are a quick walk away. Both universities are accessible by LRT - just a stop away! CIGI down the street. Perimeter Institute and Clay and Glass museum around the corner. Warehouse the site now and work on your development plans. One owner owns all four parcels - only one negotiating party. RMU-20 zones allows for multi-unit residential building, mixed use building with dwelling units about first story, freehold towns, stacked townhome buildings, long term assisted care facility and more! Seller has conceptual, architectural drawings for 64 unit build. This is a rare development opportunity in the Uptown core. Why settle for a tertiary location when you can own The Best? Opportunity knocks - will you answer?

Inclusions: None

Exclusions : Tenants' Possessions

Property Features:

  • Acres Range: < 0.5
  • Lot Depth: 116 Feet
  • Lot Features: Urban, Irregular Lot, City Lot, Public Transit, Schools
  • Lot Frontage: 194.00 Feet
  • Other Structures: None
  • Road Frontage Type: Municipal Road
  • Utilities: Cell Service, Electricity Connected, Natural Gas Connected, Street Lights
  • Water Source: Municipal-Metered
  • Zoning: RMU-20
  • Sewer: Sewer (Municipal)

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

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

Location of 159-165 Erb Street W, Waterloo, ON, N2L 1V2

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

34 hot days expected in 2050

Projected Storm Risk: Very High

14 storms expected in 2050

Projected Heat Risk: High

34 hot days expected in 2050

51/100

High

ClimateCheck®

Current data

This property, 159-165 Erb Street W, experiences 7 hot days per year at around 30.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past
30.6℃
2050
34.2℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

14 storms expected in 2050

63/100

ClimateCheck®

Current data

This property, 159-165 Erb Street W, experiences 11 significant 2-day storms per year, with about 319.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 396.3mm of precipitation per year.

Precipitation Per Storm

Past
319.6mm
2050
396.3mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 159-165 Erb Street W, Waterloo, ON, N2L 1V2

Life Stage

Young Couples

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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