282 ERB STREET W
Waterloo – Ontario
$3,288,000
MLS® Number X13007430 | Listing provided by: RE/MAX HALLMARK YORK GROUP REALTY LTD. | Powered byREALTOR.ca
About this property
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:66549)
Details
- Bathrooms
- 0
- Property type
- Land
- Postal code
- N2L1W3
- MLS® Number
- X13007430
- Status
- For Sale