$1,800,000
Available - For Sale
Listing ID: X13781038
310 King Street North , Waterloo, N2J 2Z2, Waterloo
| Rare opportunity to acquire a strategic development site just steps from Wilfrid Laurier University and within walking distance of bearly 20,000 full time post-secondary students. Positioned along the highly sought-after King Street corridor, this property offers investors and developers the chance to secure a prime parcel in one of Waterloo Region's most dynamic growth areas.Architectural schematic plans are available for a proposed 8-storey apartment building featuring at-grade parking, eliminating the significant costs and complexities commonly associated with underground parking construction. The concept contemplates a modern, urban mid-rise development designed to capitalize on the site's exceptional location and strong rental demand fundamentals.Unlike many development opportunities requiring lengthy and uncertain land assembly negotiations, this offering presents a streamlined path forward with a single ownership group and a clear vision for the property's future. No complicated multi-owner assembly process. No fragmented land holdings. Just one site with significant redevelopment potential.The location is second to none. Residents can enjoy a short walk to Uptown Waterloo's vibrant collection of restaurants, cafes, shopping, entertainment venues, major employers, and year-round amenities. Public transit, including the ION LRT corridor, is easily accessible, further enhancing the site's appeal for future residents.Adding to the opportunity, the existing property is improved with a triplex, allowing purchasers to generate holding income while advancing planning, design, and development objectives. If you are an experienced developer, investor, or builder seeking a well-located mid-rise opportunity, this property offers a combination of current cash flow and future redevelopment potential.Prime location. Existing income. Development upside. Opportunities of this scale and simplicity are increasingly difficult to find in Waterloo's core. |
| Price | $1,800,000 |
| Taxes: | $8378.72 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Tenant |
| Address: | 310 King Street North , Waterloo, N2J 2Z2, Waterloo |
| Postal Code: | N2J 2Z2 |
| Province/State: | Waterloo |
| Legal Description: | PT LT 76 SUBDIVISION OF LT 13 GERMAN COM |
| Directions/Cross Streets: | Hickory Street East and King Street North |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Category: | Designated |
| Use: | Residential |
| Total Area: | 8072.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Public Transit |
| Washrooms: | 0 |
| Sewers: | Sanitary+Storm |
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| ROYAL LEPAGE WOLLE REALTY |
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Nikki Shahebrahim
Broker
Dir:
647-830-7200
Bus:
905-597-0800
Fax:
905-597-0868
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At a Glance:
| Type: | Com - Land |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Neighbourhood: | Dufferin Grove |
| Tax: | $8,378.72 |
| Fireplace: | N |
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