$3,288,000
FOR SALE

Vacant Land

Lot: 73.77 x 172.49 ft
2026 Taxes: $30,385.3

282 Erb St W
Waterloo, ON N2L 1W3

Previously approved site plan for a 35-unit rental/condominium development, zoned RMU-20 (Residential Mixed Use)-a compelling opportunity tailored for small to mid-sized developers targeting a proven, high-demand rental corridor.Positioned just steps from the University of Waterloo and Wilfrid Laurier University, the property is ideally suited for student housing as well as potential senior/retirement-oriented rental concepts. The location offers consistent, year-round rental demand driven by a strong academic and local community base. Walking distance to both campuses, combined with a direct bus stop at the doorstep, ensures exceptional accessibility and enduring tenant appeal.Offered at land value with existing building permits in place (subject to amendment for updated plans), this is a rare, near shovel-ready development opportunity-allowing investors to accelerate timelines and unlock value with minimal upfront entitlement risk.
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Listed By RE/MAX HALLMARK YORK GROUP REALTY LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13007430
Last Updated Apr 16, 2026
Property Summary
Property Type Vacant Land

More like this:
PIN 223920389
Legal Description Plan 496 Part Lot 31, City Of Waterloo
Possession Date Flexible
Taxes (2026) $30,385.3
Directions/Cross Streets University
Area Waterloo
Price History

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Detailed Information
Fronting On South
Special Designations Unknown
Lot 73.77 x 172.49 ft
Sewers None

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