282 Erb Street
Waterloo, ON
- 0.29 sqft
- Land
- 136 days on market
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.
Listing Details
- Taxes (2026)
- $30,385
- Listed
- April 16, 2026
Price History
Listing history
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Property
- Lot Size
- 73.77 x 172.49 Feet
Utilities
- Sewer
- None
Location & Legal
- Cross Street
- University
- Zoning
- Rmu-20 Residential Mixed-Use Zone
- Parcel Number
- 223920389
- Possession
- Flexible
- Occupancy
- Vacant
Commercial
- Business Type
- Residential
Community
Postal area N2L
- Population
- 37,953
- Private dwellings
- 19,681
- Median age
- 29.8
- Average household size
- 2.2
- Median household income
- $69,500
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
- $692,500
- Homes sold
- 1,035
- Median days on market
- 21
- Sale-to-list price
- 99.8%
Based on 1,035 recorded sales of commercial properties in Waterloo over the last 12 months.
Listed by
RE/MAX HALLMARK YORK GROUP REALTY LTD.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Annual property tax
- $30,385
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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