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Sunday, August 17th, 2025

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$2,690,000
Available - For Sale
Listing ID: X12102478
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.
Price $2,690,000
Taxes: $17,800
Tax Type: Annual
Occupancy by: Tenant
Address: 392-398 Erb Stre West , Waterloo, N2L 1W6, Waterloo
Postal Code: N2L 1W6
Province/State: Waterloo
Directions/Cross Streets: Churchill St/Erb St
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Accommodation
Use: Other
Building Percentage: T
Total Area: .54
Total Area Code:  Acres
Maintenance: 0
Heat Type: Other
Central Air Conditioning: No
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Asking Price: $ Heating: $ /Year  
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Taxes:   $ /Year Other Debt: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
HOME LEADER REALTY INC.

392-398 Erb Stre West , Waterloo, N2L 1W6, Waterloo

Evelina Branitsky
Sales Representative
Dir:
647.888.9606
Bus:
416.739.7200
Fax:
416.739.9367

 
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At a Glance:
Type: Com - Investment
Area: Waterloo
Municipality: Waterloo
Neighbourhood: Dufferin Grove
Style:
Lot Size: x 183.00(Feet)
Approximate Age:
Tax: $17,800
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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Evelina Branitsky Sales Representative pic ebranitsky@rogers.com Sutton Group- Admiral Realty Inc., Brokerage Independently owned and operated. pic 1881 Steeles Avenue West, Toronto, Ontario M3H5Y4 pic Dir: 647.888.9606 | Office: 416.739.7200 | Fax: 416.739.9367 Personal Pic

ebranitsky@rogers.com