392-398 Erb Street W, Waterloo MLS Number: X12102478
Waterloo, ON, N2L 1W6$2,690,000
Status:
- Property Type: Commercial (Investment)
- Property Taxes : $17800.0 (Tax Year:2024)
- Listing Courtesy : Home Leader Realty Inc.
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$2,690,000
Status:
Prime Development Opportunity WaterlooSite Plan Approved for a 6-storey, 73-unit rental apartment, ideal for CMHCs MLI Select program. Located on 0.561 acres (24,466 sq ft) with 74,981 sq ft GFA. Zoning: RMU-20. Includes 1.5 levels of underground parking (86 spaces). Existing gross income: $129K ($111K NOI). Price: $2.69M ($36/sq ft).Waterloo's median rent is $2,125/month, avg rent $2.71/sq ft. Avg income: $60,250. Household income (2020): $122,400.Strong alignment with MLI Select's affordability and energy efficiency criteria. Strategic location + approved plans = exceptional investment potential.
| Property Type | :Commercial |
|---|---|
| MLS Number | :X12102478 |
| Listing Type | :Sale |
| Possession Date | : |
| Last Updated | :24 Apr, 2025 (225 Days ago) |
| Source | :Toronto Regional Real Estate Board |
| Area | :Waterloo |
|---|---|
| Postal Code | :
N2L 1W6
|
| Price | : $2,690,000 |
|---|---|
| Property Taxes | :$17800.0 |
| Tax Year | :2024 |
|---|
| Air Conditioning | :No |
|---|---|
| Heating | :Other |
| Cross Street | :Churchill St/Erb St |
24 Apr, 2025
TREB #X12102478
Listed
$2690000.0