391 ERB Street, Waterloo NEW LISTING

Brokered by: BENJAMINS REALTY INC.

MLS®: 40833589 (Freehold)

Price: $985,000.00

Address: 391 ERB Street, Waterloo
FOR SALE
Subdivision: 417 - Beechwood/University
Postal Code: N2L1W7
Style: 
Bedrooms: 0
Bathrooms: 0
Lot Size:   50 ft x 200 ft
Property Size:  0.225


About 391 Erb Street

Offered together as a land assembly, 391, 393, and 395 Erb Street West comprise a combined 0.896-acre site (approximately 39,030 sq. ft.) in the highly desirable Waterloo West neighbourhood. Positioned along the Erb Street corridor, these properties benefit from convenient connectivity to Uptown Waterloo, the ION LRT, University of Waterloo, employment hubs, shopping, and everyday amenities. The site’s nearly 200 x 200 square configuration and large road frontage create an ideal canvas for future redevelopment. The properties fall within the City of Waterloo’s recently approved Community Planning Permit By-law – Erb Street Corridor, an innovative planning framework designed to streamline development approvals. The site offers an opportunity to redevelop a 6-storey mixed-use building or stacked townhouse condominiums, with up to 450 bedrooms per hectare. Existing residential dwellings on the properties may provide interim rental income while future plans and approvals are pursued. An excellent opportunity to participate in Waterloo Region’s continued expansion and intensification with a large-scale redevelopment. (id:56071). Get more information on 391 Erb Street

Property Features

Rental Equipment:  
Directions:  Off of Fischer-Hallman Road N or University Avenue West
Zoning Description:  RMU-20 and By-law No. 2026-034
Community Features:  High Traffic Area
Access:  Highway access
Lot:  0.225 ac|under 1/2 acre 0.225
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   /
Age: 
Basement:  None

Rooms & Sizes

     

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John DiRenzo

Sales Representative
RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490

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John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.