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Doug Folsetter

doug@folsetter.com +1(905) 515-5494

Listed by Angela Freiburger • BENJAMINS REALTY INC.

$1,500,000

Est. payment - /mo

0.41 Acres Lot

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UPDATED:

Key Details

Property Type Vacant Land

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 40833555

Annual Tax Amount $5,151

Lot Size 0.412 Acres

Acres 0.412

Property Sub-Type Mixed Use

Source Cornerstone

Property Description

Offered together as a land assembly, 391, 393, and 395 Erb Street West comprise a combined 0.896-acre site (approximately 39,030 sq. ft.) in the highly desirable Waterloo West neighbourhood. Positioned along the Erb Street corridor, these properties benefit from convenient connectivity to Uptown Waterloo, the ION LRT, University of Waterloo, employment hubs, shopping, and everyday amenities. The site's nearly 200' x 200' square configuration and large road frontage create an ideal canvas for future redevelopment. The properties fall within the City of Waterloo's recently approved Community Planning Permit By-law – Erb Street Corridor, an innovative planning framework designed to streamline development approvals. The site offers an opportunity to redevelop a 6-storey mixed-use building or stacked townhouse condominiums, with up to 450 bedrooms per hectare. Existing residential dwellings on the properties may provide interim rental income while future plans and approvals are pursued. An excellent opportunity to participate in Waterloo Region's continued expansion and intensification with a large-scale redevelopment.

Location

Province ON

County Waterloo

Area 4 - Waterloo West

Zoning RMU-20 and By-law No. 2026-034

Direction Off of Fischer-Hallman Road N or University Avenue West

Rooms

Kitchen 0

Interior

Fireplace No

Exterior

Utilities Available Electricity Connected, Natural Gas Connected, Street Lights, Phone Available

Lot Frontage 91.52

Lot Depth 200.17

Garage No

Building

Lot Description Urban, Rectangular, High Traffic Area, Highway Access, Public Transit, Schools

Faces Off of Fischer-Hallman Road N or University Avenue West

Sewer Sewer (Municipal)

Water Municipal

New Construction No

Others

Senior Community No

Tax ID 223990022

Ownership Freehold/None

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Doug Folsetter

+1(905) 515-5494

Sales Representative | License ID: 4729737

Sales Representative License ID: 4729737

395 Erb Street Waterloo, ON N2L 1W7

Doug Folsetter

Key Details

Location

Rooms

Interior

Exterior

Building

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395 Erb Street