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392-398 ERB STREET W Waterloo
  • 392-398 ERB STREET W Waterloo
  • 392-398 ERB STREET W Waterloo
  • 392-398 ERB STREET W Waterloo
  • 392-398 ERB STREET W Waterloo

392-398 ERB STREET W, Waterloo, Ontario

$2,690,000

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. (id:23309)

  • Listing ID: X12102478
  • Property Type: Business
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Details

  • Farm: Other
  • Transaction: For sale
  • Zoning Description: GR

Building

  • Fireplace Present: False
  • Heating: Other
  • Size Interior: 1 ac
  • Utility Water: Municipal water

Land

  • Size Frontage: 130 ft
  • Size Irregular: 130 x 183 FT ; 71.93 Ft X 190.34 Ft X 71.90 Ft X 190.35
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 392-398 ERB STREET W in Waterloo Ontario. It was last modified on April 24th, 2025. Contact Bird House Real Estate to schedule a viewing or to discover other Waterloo real estate for sale.

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