STAN KHURANA
Sales Representative


Cell: 647-383-6000
Office: 905-883-1988
Fax: 905-883-8108


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CENTURY 21 ATRIA REALTY INC., BROKERAGE
Independently owned and operated.
C200-1550 Sixteenth Ave Bldg C Richmond Hill, ON L4B3K9


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$1,800,000
Available - For Sale
Listing ID: X13781038
Rare opportunity to acquire a strategic development site just steps from Wilfrid Laurier University and within walking distance of nearly 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.Conceptual plans prepared for the site illustrate a proposed 7-storey residential building featuring 42 apartment units and 54 bedrooms with a mix of 1-bedroom, 1-bedroom-plus-den, and 2-bedroom suites. Proposed gross floor area of approximately 2,550 m with 13 parking spaces and green space. At-grade parking eliminates 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 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 restaurants, cafes, shopping, entertainment, major employers, and amenities. Public transit, including the ION LRT corridor, is easily accessible, further enhancing the site's appeal.Adding to the opportunity, the existing property is improved with a triplex, allowing purchasers to generate holding income while advancing planning and development objectives. This property offers both 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.
Price $1,800,000
Taxes: $8,378.72
Tax Type: Annual
Assessment Year: 2025
Occupancy by: Tenant
Address: 310 King Street North , Waterloo, N2J 2Z2, Waterloo
Postal Code: N2J 2Z2
Province/State: Waterloo
Legal Description: PT LT 76 SUBDIVISION OF LT 13 GERMAN COM
Directions/Cross Streets: Hickory Street East and King Street North
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Category: Designated
Use: Residential
Total Area: 8,072
Total Area Code:  Square Feet
Area Influences: Public Transit  
Maintenance: 0
Sewers: Sanitary+Storm
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE WOLLE REALTY

310 King Street North , Waterloo, N2J 2Z2, Waterloo

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Stan Khurana
Sales Representative
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6473836000
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At a Glance:
Type: Com - Land
Area: Waterloo
Municipality: Waterloo
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 122.20(Feet)
Approximate Age:
Tax: $8,378.72
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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