For Sale: 282 Erb Street W, Waterloo, ON - REW
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$3,288,000
0 bd 0 ba sf Land/Lot

282 W Erb StreetWaterloo, ON, N2L 1W3

  • 0 Bed
  • 0 Bath
  • Sqft
  • Land/Lot

About this home

Previously approved site plan for a 35-unit rental/condominium development, zoned RMU-20 (Residential Mixed Use)-a compelling opportunity tailored for small to mid-sized developers targeting a proven, high-demand rental corridor.Positioned just steps from the University of Waterloo and Wilfrid Laurier University, the property is ideally suited for student housing as well as potential senior/retirement-oriented rental concepts. The location offers consistent, year-round rental demand driven by a strong academic and local community base. Walking distance to both campuses, combined with a direct bus stop at the doorstep, ensures exceptional accessibility and enduring tenant appeal.Offered at land value with existing building permits in place (subject to amendment for updated plans), this is a rare, near shovel-ready development opportunity-allowing investors to accelerate timelines and unlock value with minimal upfront entitlement risk.
Listed by: Merrick Bao, Salesperson, RE/MAX HALLMARK YORK GROUP REALTY LTD.

Home facts and features

Price details
List Price
Gross Taxes for 2026
$30,385
Home facts
Bedrooms
0
Full Bathrooms
0
Property Type
Land/Lot
Lot Size
73 ft x 172 ft (12724 ft²)
Depth
172.49
Frontage
73.77
Agent details
Primary Agent
Merrick Bao
Primary Broker
RE/MAX HALLMARK YORK GROUP REALTY LTD.
Listing details
Days on REW
51 Days
MLS® Number
X13007430
Source
Toronto Real Estate Board
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Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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Property Insights

Keatsway Public School
  • Public
  • JK - 6
Empire Public School
  • Public
  • JK - 6
Our Lady of Lourdes Catholic Elementary School
  • Catholic
  • JK - 8
Centennial (Waterloo) Public School
  • Public
  • 7 - 8
Holy Rosary Catholic Elementary School
  • Catholic
  • JK - 8
Resurrection Catholic Secondary School
  • Catholic
  • 9 - 12
MacGregor Public School
  • Public
  • 6 - 8
Mary Johnston Public School
  • Public
  • JK - 6
Westvale Public School
  • Public
  • JK - 6
Elizabeth Ziegler Public School
  • Public
  • JK - 6
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
Listing data is subject to copyright, disclaimer, and additional requirements from the data provider. See our Terms of Use for terms applicable to this listing. Listing data was last updated on 2026-06-05.