120 King Street
Waterloo, ON
- 100 sqft
- Investment
- 203 days on market
Exceptional Development Opportunity in the heart of Uptown Waterloo! Prime location at the coveted intersection of King Street and Central Street, ideally situated between University Avenue and Bridgeport Road. This 50 ft x 125 ft lot offers outstanding potential for redevelopment with zoning that allows construction up to 18 storeys (U1-60 - Uptown Core). Concept plans (available in attachments) propose an 11-unit building with a total of 41 bedrooms and 3 commercial units on the main level - or bring your own design to take full advantage of this unique zoning. The property is within walking distance to both the University of Waterloo and Wilfrid Laurier University, surrounded by a vibrant mix of retail, dining, and amenities. This is one of the most desirable sites in Waterloo Region, offering excellent exposure, strong growth potential, and ideal suitability for a new commercial or mixed-use development. The existing structure is being sold "as is, where is" and must be demolished by the Buyer. The City of Waterloo has expressed support for new business and redevelopment initiatives in this area. Don't miss this rare opportunity to secure a premium Uptown Core property with exceptional potential for future growth.
Listing Details
- Taxes (2025)
- $4,247
- Listed
- February 9, 2026
Price History
Property
- Lot Size
- 50.31 x 125.44 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- King
- Zoning
- U1-60
- Parcel Number
- 223700357
- Possession
- Flexible
- Occupancy
- Vacant
Community
Postal area N2J
- Population
- 20,899
- Private dwellings
- 10,672
- Median age
- 36.8
- Average household size
- 2.2
- Median household income
- $74,500
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Waterloo · last 12 months
- Median sold price
- $693,750
- Homes sold
- 1,038
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,038 recorded sales of commercial properties in Waterloo over the last 12 months.
Listed by
RE/MAX REAL ESTATE CENTRE INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 100 sq ft
- Price per sq ft
- $14,000.00
- Annual property tax
- $4,247
- Tax per sq ft
- $42.47
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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