$3,288,000

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:64343)

Property Details

MLS® Number	X13007430
Property Type	Vacant Land

Building

Utility Water

Municipal Water

Land

Acreage	No
Size Depth	172 Ft ,5 In
Size Frontage	73 Ft ,9 In
Size Irregular	73.77 X 172.49 Ft
Size Total Text	73.77 X 172.49 Ft|under 1/2 Acre
Zoning Description	Rmu-20 Residential Mixed-use Zone

Utilities

Cable	Available
Electricity	Available
Sewer	Available

https://www.realtor.ca/real-estate/29614924/282-erb-street-w-waterloo