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Saturday, August 15th, 2026

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$14,880,000
Available - For Sale
Listing ID: X13604606
A rare opportunity to acquire a prominent King Street address in the heart of Waterloo, anchored by an existing 10-storey residential building with a proven rental history. Strategically located within walking distance to the University of Waterloo, Wilfrid Laurier University, and Conestoga College Waterloo Campus, this property sits in one of the region's most desirable rental corridors, surrounded by constant demand from students, professionals, and urban residents. Built in 2009, the existing building has remained fully rented since completion, offering investors immediate in-place income, stability, and long-term holding value in a high-growth market. The additional upside makes this opportunity truly exceptional. The same lot benefits from approved zoning for a 14-storey condominium development, allowing for a total project of 123 condominium apartments with a mix of one, two, and three-bedroom units. This gives the purchaser the rare ability to secure strong existing cash flow today while unlocking significant future development potential. For builders, developers, and strategic investors, the groundwork has already been advanced. A full team of architects, planners, and builders is available and ready to assist with execution, if required. This is more than a development site. It is an income-producing asset with a clear path to growth in one of Waterloo's strongest urban locations.
Price $14,880,000
Taxes: $114,580.8
Tax Type: Annual
Occupancy by: Tenant
Address: 316 King Street North , Waterloo, N2J 2W6, Waterloo
Postal Code: N2J 2W6
Province/State: Waterloo
Legal Description: 1Stly: Pt. Lot 74 Sub.Lot 13 G.C.T., Bei
Directions/Cross Streets: K I N G & U N I V E R S I T Y
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Apartment
Use: Apts - Over 20 Units
Building Percentage: T
Total Area: 28,438
Total Area Code:  Square Feet
Office/Appartment Area: 171986
Office/Appartment Area Code: Sq Ft
Franchise: F
Maintenance: 0
Sprinklers: No
Rail: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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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.
RE/MAX REALTY SPECIALISTS INC.

316 King Street North , Waterloo, N2J 2W6, 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 125.00(Feet)
Approximate Age:
Tax: $114,580.8
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