310 King Street
Waterloo, ON
- 8,072 sqft
- Land
Rare opportunity to acquire a strategic development site just steps from Wilfrid Laurier University and within walking distance of bearly 20,000 full time post-secondary students. Positioned along the highly sought-after King Street corridor, this property offers investors and developers the chance to secure a prime parcel in one of Waterloo Region's most dynamic growth areas.Architectural schematic plans are available for a proposed 8-storey apartment building featuring at-grade parking, eliminating the significant costs and complexities commonly associated with underground parking construction. The concept contemplates a modern, urban mid-rise development designed to capitalize on the site's exceptional location and strong rental demand fundamentals.Unlike many development opportunities requiring lengthy and uncertain land assembly negotiations, this offering presents a streamlined path forward with a single ownership group and a clear vision for the property's future. No complicated multi-owner assembly process. No fragmented land holdings. Just one site with significant redevelopment potential.The location is second to none. Residents can enjoy a short walk to Uptown Waterloo's vibrant collection of restaurants, cafes, shopping, entertainment venues, major employers, and year-round amenities. Public transit, including the ION LRT corridor, is easily accessible, further enhancing the site's appeal for future residents.Adding to the opportunity, the existing property is improved with a triplex, allowing purchasers to generate holding income while advancing planning, design, and development objectives. If you are an experienced developer, investor, or builder seeking a well-located mid-rise opportunity, this property offers a combination of current cash flow and future redevelopment potential.Prime location. Existing income. Development upside. Opportunities of this scale and simplicity are increasingly difficult to find in Waterloo's core.
Listing Details
- Taxes (2026)
- $8,379
- Listed
- September 14, 2026
Price History
Listing history
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Property
- Lot Size
- 66.12 x 122.2 Feet
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Hickory Street East and King Street North
- Zoning
- RMU-81
- Parcel Number
- 223610148
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Residential
Included
- Exclusions
- Tenants' Possessions
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
- $695,000
- Homes sold
- 1,034
- Median days on market
- 22
- Sale-to-list price
- 99.8%
Based on 1,034 recorded sales of commercial properties in Waterloo over the last 12 months.
Listed by
ROYAL LEPAGE WOLLE REALTY
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 8,072 sq ft
- Price per sq ft
- $222.99
- Annual property tax
- $8,379
- Tax per sq ft
- $1.04
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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