392-398 Erb Street W Active Save Request In-Person Tour Request Virtual Tour
Waterloo,ON N2L 1W6
Key Details
Property Type Commercial
Sub Type Mixed,Building and Land
Listing Status Active
Purchase Type For Sale
Square Footage 5,650 sqft
Price per Sqft $504
MLS Listing ID 40759326
Abv Grd Liv Area 5,650
Annual Tax Amount $13,244
Lot Size 0.541 Acres
Acres 0.541
Property Sub-Type Mixed,Building and Land
Source Cornerstone
Property Description
This site includes two adjoining properties totaling approximately 0.54 acres, located just minutes from both Uptown Waterloo and the University District. The site is currently improved with a four-unit apartment building and a single-family home, both of which are fully leased, providing immediate holding income. It is zoned Residential Mixed-Use 20 (RMU-20), which permits development of up to six storeys in height. A Site Plan Application has been conditionally approved for a 6-storey, 74-unit apartment building, helping to streamline the development timeline and reduce upfront planning risks for prospective buyers. Given its strategic location, preliminary development plans, and strong market fundamentals, 392–398 Erb Street West represents a compelling infill development opportunity—complete with holding income—in one of Waterloo's most desirable growth corridors. Note: Both properties must be sold together. Please sign CA to access data room. Offers must include Seller's Schedule C (ask LA for a copy).
Location
Province ON
County Waterloo
Area 4 - Waterloo West
Zoning RMU-20
Direction Fischer-Hallman Road N & Erb Street W
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 132.0
Lot Depth 183.0
Garage No
Building
Lot Description High Traffic Area,Highway Access,Public Transit,Schools,Visual Exposure
Faces Fischer-Hallman Road N & Erb Street W
Story 2
Sewer Sewer (Municipal)
Water Municipal
Level or Stories 2
Structure Type Brick Veneer
New Construction No
Others
Senior Community false
Tax ID 223930636
Ownership Freehold/None
Virtual Tour https://unbranded.youriguide.com/392_erb_st_w_waterloo_on/