$14,880,000
Available - For Sale
Listing ID: X13604606
316 King Street North , Waterloo, N2J 2W6, Waterloo
| 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. |
| Price | $14,880,000 |
| Taxes: | $114580.80 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 316 King Street North , Waterloo, N2J 2W6, Waterloo |
| Postal Code: | N2J 2W6 |
| Province/State: | Waterloo |
| Legal Description: | 1Stly: Pt. Lot 74 Sub.Lot 13 G.C.T., Bei |
| Directions/Cross Streets: | K I N G & U N I V E R S I T Y |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - Over 20 Units |
| Building Percentage: | T |
| Total Area: | 28438.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 171986 |
| Office/Appartment Area Code: | Sq Ft |
| Franchise: | F |
| Sprinklers: | No |
| Washrooms: | 0 |
| Rail: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Yes |
| Sewers: | Sanitary+Storm |
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| RE/MAX REALTY SPECIALISTS INC. |
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Bikramjit Sharma
Broker
Dir:
647-295-0028
Bus:
905 456 9090
Fax:
905-456-9091
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Neighbourhood: | Dufferin Grove |
| Tax: | $114,580.8 |
| Fireplace: | N |
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