351-355 LANCASTER Street

Waterloo, ON

18,097 sqft
Land
66 days on market

$999,900

Discover an exceptional 0.415-acre redevelopment opportunity in Kitchener, ideally suited for medium-density residential development. Preliminary development concepts indicate the potential for up to 14 stacked townhomes, making this a strong investment opportunity. Positioned on the highly visible Lancaster Street W and located less than 500 metres from Highway 7, the property offers excellent accessibility and regional connectivity. The site is currently improved with three fully serviced commercial buildings totaling approximately 4,662 sq. ft. Surrounded by established neighbourhood amenities - including schools, parks, sports facilities, grocery stores, and restaurants - this property is well-positioned for future residential or mixed-use redevelopment.

Listing Details

Taxes (2026): $8,971
Listed: July 7, 2026

Price History

Property

Lot Size: 100.58 x 179.93 Feet

Utilities

Sewer: None

Location & Legal

Cross Street: Lancaster Street
Zoning: MIX-1
Parcel Number: 223390102
Possession: Flexible
Occupancy: Owner

Community

Postal area N2H

Population: 22,456
Private dwellings: 11,453
Median age: 38.4
Average household size: 2.1
Median household income: $73,500

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: $695,000
Homes sold: 1,030
Median days on market: 21
Sale-to-list price: 99.8%

Based on 1,030 recorded sales of commercial properties in Waterloo over the last 12 months.

Listed by

CENTURY 21 RIGHT TIME REAL ESTATE INC.

Walk Score

Walk Score is unavailable for this address right now.

Location

Street View

Commercial figures

Building area: 18,097 sq ft
Price per sq ft: $55.25
Annual property tax: $8,971
Tax per sq ft: $0.50

Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.

Reita | Assistant

Online

Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?