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Waterloo, ON N2L 1W6,392-398 Erb Street W
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Waterloo, ON N2L 1W6,392-398 Erb Street W
Waterloo, ON N2L 1W6,392-398 Erb Street W
Waterloo, ON N2L 1W6,392-398 Erb Street W
Waterloo, ON N2L 1W6,392-398 Erb Street W
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Ivan Gascho

Ivan Gascho

+1(519) 573-7440
$ 2,849,000
Est. payment /mo
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392-398 Erb Street W Waterloo, ON N2L 1W6

5,650 SqFt

UPDATED:

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/

Listed by Lennard Commercial Realty
Ivan Gascho

Ivan Gascho

Broker | License ID: 5015171

+1(519) 573-7440

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392-398 Erb Street W