392-398 Erb Street W
Contact Listing Agent
392–398 Erb Street W
Mid-Rise Infill Opportunity with Holding Income in Uptown Waterloo Corridor
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For Sale: Multi-Family -
For Sale: Multi-Family -
For Sale: Multi-Family -
For Sale: Multi-Family
43.4536895, -80.5508981
Main Intersection
Erb Street West & Fischer-Hallman Road
Location
Waterloo Region, Waterloo
Address
392–398 Erb Street W
Waterloo ON N2L 1W6
Canada
Listing Agents
Broker Flyer
Digital Media
Land Information
Total Size
23,562 SF (0.541 acres)
Developable Acreage
0.541 acres
Land Use Designation
Mixed-Use Medium Density Residential
Zoning
RMU-20 (Residential Mixed-Use 20)
Frontage
132 FT
Depth
~183 FT
Current Use
4-unit, 2-storey apartment building | Single detached house
Permitted Uses
Multi-unit residential (e.g., apartments), Mixed-use buildings (residential above commercial), Townhouses (including freehold/stacked), Triplexes, Long-term care facilities, Assisted living facilities
Property Highlights
0.54-acre infill development site in Uptown Waterloo corridor
Zoned RMU-20 – permits up to 6 storeys and 450 bedrooms/ha
Draft Site Plan Application for a 6-storey, 74-unit apartment building
Includes a 4-unit apartment building and a single detached home
Fully leased – provides immediate holding income
Excellent proximity to University of Waterloo, Wilfrid Laurier, and Uptown
Strong rental market and CMHC MLI Select-eligible
Surrounded by parks, transit, and retail amenities
Ample surface parking and in-suite laundry in all units
Ideal for purpose-built rental or mid-rise residential development
