282 Erb Street W, Waterloo, ON N2L 1W3

For Sale 1 day on Market MLS® X13007430

Asking Price

$3,288,000

Oracle AI

Full Report →

1 / 3

Overview

Active

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.

Lot Size

0.3 acres

Type

Vacant Land

Property Details

Year BuiltNot Disclosed

CityWaterloo

Postal CodeN2L1W3

Lot Dimensions73.77 × 172.49 ft

Exterior & Land

Sewer: None

Utilities & Services

Heat SourceWell

SewerNone

Financial Information

List Price$3,288,000

Annual Taxes$30,385 (2026)

Days on Market1

MLS® X13007430 • Listed by RE/MAX HALLMARK YORK GROUP REALTY LTD.

282 Erb Street W, Waterloo, ON N2L 1W3

When?

Fri

Apr

Sat

Apr

Sun

Apr

Mon

Apr

Tue

Apr

Wed

Apr

Thu

Apr

When are you available?

Morning8am - 12pm

Afternoon12pm - 5pm

Evening5pm - 9pm

* Your Name

* Your Phone

* Your Email

WhatsApp Aman

(416) 845-2151

We're available today until 9 pm.

* Your Name

* Your Email

* Your Phone Number

Call

Message (SMS)

How can we help (optional)?

By submitting this form, you agree your information may be shared to provide the service requested.

Purchase Calculator

Home Price

$3,288,000.00

Location

Down Payment

$690,480.00

Payment Frequency

⚙️ Rate

Your mortgage interest rate can either be Fixed for the term or Variable.

Rate

4.70%

Rate Term

🧾 Amortization

30 years

Scenario Options

First-time Buyer

Newly Built

Insured Prefer

💸 Rental Income

🏠 Home Expenses

Monthly Rent

$900.00

Occupancy (%)

100%

Monthly Expenses

$400.00

Includes

📉 Taxes
🛠️ Maintenance
⚡ Utilities etc.

Total Monthly Cost ⚙️

/month

Principal & interest

Home expenses

Other expenses

Rental income

Monthly Mortgage$0.00
Home Expenses$0.00
Other Expenses$0.00
Rental Income$0.00

Mortgage Amount

$0.00

Closing Costs

$0.00

Mortgage Payment$0.00

Net Mortgage$0.00

Interest paid over term$0.00

Balance end of Term$0.00

Effective Amortization30 Years

Property Location

282 Erb Street W, Waterloo, ON N2L 1W3

Get Directions Open in Google Maps

Login to your account

Your personal data will be used to support your experience throughout this website, to manage access to your account.

Password

Remember me

Forgot password?

Don't have an account? Register now

Register an account

Your personal data will be used to support your experience throughout this website, to manage access to your account.

First name

Last name

Username

Phone

Password

Password confirmation

Already have an account? Login

Top 5% RE/MAX Ontario

Aman Toor

RE/MAX Realty Specialists Inc.

Rural & Farm Property Expert

Available Now

Meet Your Agent

Aman Toor

Rural & Agricultural Property Specialist — RE/MAX

With over 10 years navigating Ontario's farm and acreage market, Aman brings real data, deep county knowledge, and no-nonsense negotiation to every deal. From 5-acre hobby farms to 500-acre agricultural estates — he's done it all across Dufferin, Simcoe, Grey, Caledon, and beyond.

10+

Years in Rural RE

500+

Properties Sold

98%

Client Satisfaction

🌾 Farm & Agriculture 🏡 Rural Estates 🌲 Vacant Land 🐴 Equestrian 📋 TRREB® Data

Call Aman Direct Send a Message

Explore by Region