For Sale: 316 King Street N, Waterloo, ON - REW
Boost your listing
Listing featured. Your listing will be featured on REW.
View featured placement
$14,880,000
0 bd • ba • 28438 sf • Multifamily
316 King Street N
Street ViewDirections
$14,880,000
Get pre-approved

316 King Street NWaterloo, ON, N2J 2W6

  • 0 Bed
  • Bath
  • 28438 Sqft
  • Multifamily

About this home

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:63626)
Listed by: OBIE MUJAWAZ, Salesperson, RE/MAX REALTY SPECIALISTS INC.

Home facts and features

Price details
List Price
$14,880,000
Get Pre-Approved
Gross Taxes for 2026
$114,581
Home facts
Bedrooms
0
Full Bathrooms
Parking Details
Underground
Property Type
Multifamily
Depth
125 feet
Frontage
230.9 feet
Heating Type
Forced air, Natural gas
Cooling
Fully air conditioned
Agent details
Primary Agent
OBIE MUJAWAZ
Primary Broker
RE/MAX REALTY SPECIALISTS INC.
Listing details
Days on REW
1 Day
MLS® Number
X13604606
Source
Canadian Real Estate Association
Is this your listing? Help it to stand out.

Mortgage Calculator

Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

Connect with our mortgage partner

REW Money

REW Money

REW Money

Connect with a mortgage expert

Connect to a mortgage specialist

REW Money
REW Money

They will connect with you to understand where you are in your journey and how they can best guide you.

  • %
Name*
Email*
Phone*
Purchase City*
What best describes your current situation?
Loan Details
Amortization
Years
Mortgage Amount
Down Payment

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

The displayed rates are provided as guidance only, are not guaranteed, or are to be considered an approval of credit. Approval will be based solely on your personal situation. You are encouraged to speak with a Mortgage Professional for the most accurate information and to determine your eligibility.

Property Insights

Waterloo Collegiate Institute
  • Public
  • 9 - 12
St David Catholic Secondary School
  • Catholic
  • 9 - 12
MacGregor Public School
  • Public
  • 6 - 8
Winston Churchill Public School
  • Public
  • JK - 6
ÉÉC Mère-Élisabeth-Bruyère
  • Catholic
  • JK - 6
Lincoln Heights Public School
  • Public
  • JK - 8
É Élém L'Harmonie
  • Public
  • JK - 8
Elizabeth Ziegler Public School
  • Public
  • JK - 6
St Agnes Catholic Elementary School
  • Catholic
  • JK - 8
Bluevale Collegiate Institute
  • Public
  • 9 - 12
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
Report Incorrect Info
Full Name*
Email*
Select School
Reason

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.
Thank You!
We really appreciate your help improving our home search experience. Our team will look into this issue as soon as possible.
Close

Cities near Waterloo

Neighborhoods near Waterloo

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 2026-07-24.
Call Agent
Salesperson
OBIE MUJAWAZ
Phone:
(905) 272-3434
Office:
905-272-3434
Share this Property
Text Message
Share this Property
Recipient Email Address*
Your Name
Your Email Address*

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.