Exceptional Development Opportunity in the heart of Uptown Waterloo! Prime location at the coveted intersection of King Street and Central Street, ideally situated between University Avenue and Bridgeport Road. This 50 ft x 125 ft lot offers outstanding potential for redevelopment with zoning that allows construction up to 18 storeys (U1-60 – Uptown Core). Concept plans (available in attachments) propose an 11-unit building with a total of 41 bedrooms and 3 commercial units on the main level — or bring your own design to take full advantage of this unique zoning. The property is within walking distance to both the University of Waterloo and Wilfrid Laurier University, surrounded by a vibrant mix of retail, dining, and amenities. This is one of the most desirable sites in Waterloo Region, offering excellent exposure, strong growth potential, and ideal suitability for a new commercial or mixed-use development. The existing structure is being sold “as is, where is” and must be demolished by the Buyer. The City of Waterloo has expressed support for new business and redevelopment initiatives in this area. Don’t miss this rare opportunity to secure a premium Uptown Core property with exceptional potential for future growth. (id:47421)
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Listed By
RE/MAX REAL ESTATE CENTRE INC. Brokerage-3, RE/MAX REAL ESTATE CENTRE INC., Brokerage
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Detailed Information
Lot
50 x 125 ft
Listing Contract Date
2026-02-09
Location Description
Central and Spring Streets
Ownership Type
Freehold
Property Type
Vacant Land
Transaction Type
For sale
Zoning Description
U1-60
Building
Basement Type
None
Utility Water
Municipal water
Utilities
Type
Description
Natural Gas
Available
Land
Total Size
under 1/2 acre
Sewer
Municipal sewage system
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