$1,800,000 Sale

Listed 42 days ago

310 King Street N

MLS® x13781038 Land

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Beds · 0

Baths · 0

Parking · -

Sqft · -

Est. mortgage

$6,829/mo

Property Taxes

$8,378.72/yr

Key Facts

Key facts for 310 King Street N

Property Type

Commercial

Parking

MLS #

X13781038

Size

Basement

Listed on

2026-09-14

Lot size

66 x 122.2

Tax

$8,378.72 /yr

Days on Market

Approximate Age

Maintenance Fee

Description

Rare opportunity to acquire a strategic development site just steps from Wilfrid Laurier University and within walking distance of nearly 20,000 full-time post-secondary students. Positioned along the highly sought-after King Street corridor, this property offers investors and developers the chance ...to secure a prime parcel in one of Waterloo Region's most dynamic growth areas.Conceptual plans prepared for the site illustrate a proposed 7-storey residential building featuring 42 apartment units and 54 bedrooms with a mix of 1-bedroom, 1-bedroom-plus-den, and 2-bedroom suites. Proposed gross floor area of approximately 2,550 m with 13 parking spaces and green space. At-grade parking eliminates the significant costs and complexities commonly associated with underground parking construction. The concept contemplates a modern urban mid-rise development designed to capitalize on the site's exceptional location and strong rental demand fundamentals.Unlike many development opportunities requiring lengthy land assembly negotiations, this offering presents a streamlined path forward with a single ownership group and a clear vision for the property's future. No complicated multi-owner assembly process. No fragmented land holdings. Just one site with significant redevelopment potential.The location is second to none. Residents can enjoy a short walk to Uptown Waterloo's restaurants, cafes, shopping, entertainment, major employers, and amenities. Public transit, including the ION LRT corridor, is easily accessible, further enhancing the site's appeal.Adding to the opportunity, the existing property is improved with a triplex, allowing purchasers to generate holding income while advancing planning and development objectives. This property offers both current cash flow and future redevelopment potential.Prime location. Existing income. Development upside. Opportunities of this scale and simplicity are increasingly difficult to find in Waterloo's core.

Full Property Details

General

Business Type

Residential

Total Area

8072.00 Square Feet

Sprinklers

Drive-In Level Shipping Doors

Double Man Shipping Doors

Grade Level Shipping Doors

Truck Level Shipping Doors

Business Type

Residential

Total Area

8072.00 Square Feet

Sprinklers

Drive-In Level Shipping Doors

Double Man Shipping Doors

Grade Level Shipping Doors

Truck Level Shipping Doors

Interior

Washrooms

Exterior

Depth

122.2

Front

66.12

Lot Size

66 x 122.2 ft

Parking Spaces

Total Parking Spaces

Garage Spaces

Zoning

RMU-81

Depth

122.2

Front

66.12

Lot Size

66 x 122.2 ft

Parking Spaces

Total Parking Spaces

Garage Spaces

Zoning

RMU-81

Building Description

Home Type

Commercial

Subtype

Land

Sewers

Sanitary+Storm

Water Supply

Municipal

Possession Date

No Data

Home Type

Commercial

Subtype

Land

Sewers

Sanitary+Storm

Water Supply

Municipal

Possession Date

No Data

Taxes & Fees

Taxes

$8,378.72 /yr

Tax Year

2026

Occupancy

Tenant

Taxes

$8,378.72 /yr

Tax Year

2026

Occupancy

Tenant

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