Last Sold Price
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Overview
Key Facts
Type Multi Family
Levels Residential Income
Size 28438 sqft
Garage
Taxes $114,581
Days Active 2
Lot Size
Approx. Age
Avg. Price Per Sqft $523
MLS® Number X13604606
Property Address: 316 King St N, Waterloo, ON, N2J2W6
Average square foot calculated using Size range provided by listing agent.
Description
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. (id:58753)Show Description
MLS® NumberX13604606
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
DrivewayUnderground
Garage Spaces
HeatForced air, Natural gas
A/CFully air conditioned
Extras
Price History
Appreciation
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Avg. Days Listed
322 days
Today, For Sale for $14,880,000
For Sale · 1 day
$14,880,000
MLS® X13604606
2 days ago
Not Sold Yet
July 2026, For Sale for $14,880,000
For Sale · 1 day
$14,880,000
MLS® X13604606
2 days ago
Not Sold Yet
May 2022, Expired for $15,888,000
Expired · 322 days
$15,888,000
MLS® 40128360
4 years ago
Canceled on May 1, 2022
Home Estimate Zoopraisal®
The estimated sale price does not take into account many variables such as recent renovations, type of appliances, school district etc. To get a more accurate estimate please contact agent.
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