205-209 Erb Street

205-209 Erb Street, Waterloo, ON N2L 1V6
9 Days Back Posted
Sell

$7,999,999

Overview

Type:

Investment

Area:

sq ft (Living Area)

Beds:

0 Bedrooms

Baths:

0 Bathrooms

Furnished:

No

Parking:

None

This land assembly, totaling 0.86 acres, presents a compelling development potential opportunity with 3 existing income-generating properties situated in the heart of Waterloos energetic uptown core. In 2024, a development concept was brought forward to the City of Waterloo, outlining a 12-story residential apartment building with 129 units. The plan includes 17 parking spaces located at grade behind the building, complemented by additional underground parking whose quantity has yet to be specified. The project adheres to the area's zoning regulations and complies with both the Official Plan and applicable Zoning By-Laws, including matching the scale and height of surrounding developments. This prime location lies within one of Waterloos most desirable neighborhoods and falls inside the Willis Way Protected Major Transit Station Area (PMTSA), where minimum parking requirements are waived under Bill 185. The vision for the residential development centers around connected urban living, offering future residents immediate access to restaurants, boutiques, entertainment, and cultural attractions. With nearby schools, green spaces, institutions, and modern infrastructure enhancements, this site is exceptionally well-positioned to benefit from long-term growth, sustained demand, and increasing value. The seller and their representative make no guarantees about the property's future use or development potential regardless of any of the favorable information noted. The buyer is fully responsible for investigating all current and future matters related to the property and future development. Image of the 12 story building in the listing is merely a virtual rendering to help give some perspective on what may be possible.

Property Units

Land

1 Unit
  • $7,999,999 0 Bath N/A sq ft (Living Area) May 14th 2026

Property Details

  • Property Type: Commercial
  • Property Sub Type: Investment
  • Lease Terms: N/A
  • Parking Spots: 0
  • Short Term: No
  • Furnished: No
  • Year Built: N/A
  • # of Floors: N/A
  • # of units: 1
  • MLS: X13131378

Features

Industrial Zoning
Fenced Lot

Nearby Amenities

  • Schools
  • Bus Stations
  • Restaurants
  • Pharmacies
  • Gyms
  • Supermarkets
  • Hospitals
  • Parks
  • Cafes
  • Convenience Stores
  • Gas Stations
  • Laundromats
  • Bars
  • Banks

May lee

Sales Representative At Right At Home Realty

Request A Tour

Mortgage Calculator

Monthly Payment
Principal
Interest on Amortization Period
CMHC Insurance
PST on Mortgage Insurance
Total
Property Price
Interest Rate
%
Down Payment
Amortization

Mortgage Calculator Disclaimer:

Important Disclaimer

Our mortgage calculator provides approximate estimates based solely on the information you enter, designed for illustrative purposes to help you explore options. These results do not constitute personalized financial advice, and May Lee makes no representations or warranties regarding their accuracy or completeness.

Key Assumptions

Calculations presume timely payments, a fixed interest rate throughout the amortization period (though rates may fluctuate in reality), and no changes to your financial situation. Opting for accelerated weekly or bi-weekly payments effectively adds one extra monthly payment annually, potentially shortening your amortization—subject to lender terms and conditions.

Prepayment and Insurance Notes

Prepayment privileges differ by lender; please review your mortgage documents for specifics, especially if switching providers. This tool does not provide binding quotes. Mortgage insurance estimates are illustrative only, varying by age, number of borrowers, coverage type, and provincial taxes—eligibility criteria apply.

Your Next Steps

For tailored guidance and peace of mind, we encourage consulting a licensed mortgage professional or certified financial advisor to ensure decisions align with your unique needs and protect your financial security. Your trust matters to us.

Your Dream Home Awaits — Let’s Connect!

Welcome Back!

Sign in to access your wishlist, compare properties, and explore more about properties.

Create Your Free Account

Sign up to save favorite properties, compare options, and explore more details about properties.

Forgot Your Password?

No worries — reset it in just a few steps.