316 KING STREET N, Waterloo, ON N2J2W6
316 KING STREET N, Waterloo, ON N2J2W6
316 KING STREET N, Waterloo, ON N2J2W6
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$14,880,000
Est. payment /mo
28,438 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 28438

Square Footage 28,438 sqft

Price per Sqft $523

MLS® Listing ID X13604606

Property Description

A rare opportunity to acquire a prominent King Street address in the heart of Waterloo, anchored by an existing 10-storey residential building with a proven rental history. Strategically located within walking distance to the University of Waterloo, Wilfrid Laurier University, and Conestoga College Waterloo Campus, this property sits in one of the region's most desirable rental corridors, surrounded by constant demand from students, professionals, and urban residents. Built in 2009, the existing building has remained fully rented since completion, offering investors immediate in-place income, stability, and long-term holding value in a high-growth market. The additional upside makes this opportunity truly exceptional. The same lot benefits from approved zoning for a 14-storey condominium development, allowing for a total project of 123 condominium apartments with a mix of one, two, and three-bedroom units. This gives the purchaser the rare ability to secure strong existing cash flow today while unlocking significant future development potential. For builders, developers, and strategic investors, the groundwork has already been advanced. A full team of architects, planners, and builders is available and ready to assist with execution, if required. This is more than a development site. It is an income-producing asset with a clear path to growth in one of Waterloo's strongest urban locations. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Forced air

Cooling Fully air conditioned

Exterior

Parking Features Yes

View Y/N No

Attached Garage No

Garage Yes

Private Pool No

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Paul Shantz
Paul Shantz

Agent | License ID: 6008661

+1(519) 829-8656

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316 KING STREET N

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