205-209 Erb St, Waterloo — 1

205-209 Erb St

Waterloo, ON N2L 1V6

For Sale12d on marketMLS® X13131374
Vacant Land

Description

This land assembly, totaling 0.86 acres, presents a compelling development potential opportunity with 3 existing income-generating properties situated in the heart of Waterloos energetic uptown core. In 2024, a development concept was brought forward to the City of Waterloo, outlining a 12-story residential apartment building with 129 units. The plan includes 17 parking spaces located at grade behind the building, complemented by additional underground parking whose quantity has yet to be specified. The project adheres to the area's zoning regulations and complies with both the Official Plan and applicable Zoning By-Laws, including matching the scale and height of surrounding developments. This prime location lies within one of Waterloos most desirable neighborhoods and falls inside the Willis Way Protected Major Transit Station Area (PMTSA), where minimum parking requirements are waived under Bill 185. The vision for the residential development centers around connected urban living, offering future residents immediate access to restaurants, boutiques, entertainment, and cultural attractions. With nearby schools, green spaces, institutions, and modern infrastructure enhancements, this site is exceptionally well-positioned to benefit from long-term growth, sustained demand, and increasing value. The seller and their representative make no guarantees about the property's future use or development potential regardless of any of the favorable information noted. The buyer is fully responsible for investigating all current and future matters related to the property and future development. Image of the 12 story building in the listing is merely a virtual rendering to help give some perspective on what may be possible.

Key Facts

MLS® #

X13131374

Days on market

12

Listed

May 14, 2026

Updated

May 22, 2026

Tax

$15,936

Lot

130.62 × 287.57 Feet

Listing History

Buy/Sell history for 205-209 Erb St, Waterloo, ON

Date StartDate EndList PricePriceEventListing ID
2026-05-14N/A$7,999,999N/AFor SaleX13131374

Property Details

Property

Property TypeVacant Land
StyleOther
MunicipalityWaterloo

Land

Lot Size130.62 × 287.57 Feet
Lot Size CodeFeet

Additional Details

No additional details available

Rooms (12)

Room 1

Room 2

Room 3

Room 4

Room 5

Room 6

Room 7

Room 8

Room 9

Room 10

Room 11

Room 12

Comparable Sales

Estimated Market Value

AI Estimated Value
Beta

$6,828,475

Range: $5,145,749 $8,511,200

LowHigh

Estimated by AI based on market data. For informational purposes only.

Mortgage Tools

Mortgage calculator

20%

Monthly Payment

$36,672

  • Down payment$1,600,000
  • Mortgage amount$6,399,999
  • Total interest$4,601,601
  • Total cost$12,601,600

Cash flow analysis

$36,672

Total monthly payment

$38,000

Break-even down payment

100%

Cash flow-$38,000

Location

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