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$ 6,900,000
Est. payment | /mo
1 SqFt
$ 6,900,000
Est. payment | /mo
1 SqFt
Key Details
Property Type Commercial
Sub Type Land
Listing Status Active
Purchase Type For Sale
Square Footage 1 sqft
Price per Sqft $6,900,000
MLS Listing ID X11958122
Annual Tax Amount $63,360
Tax Year 2024
Property Sub-Type Land
Property Description
Incredible Uptown Waterloo land assembly over 20 years in the making consisting of 6 well-maintained rental properties! This AAA+ location in uptown Waterloo is home to this 1.1 acre condo site with substantial holding income. Steps to the Allen LTR stop and adjacent to the Iron Horse Trail and trendy Belmont Village creates the perfect backdrop for this upscale development project. The concept depicts a total of 316,000 GFA spread over 231 residential units, 9 commercial units with 11,000 square feet of street level commercial, and 214 parking spaces. Terraced structuring allows for extended outdoor living spaces in many of the units with panoramic views of the cityscape. Currently designated as Uptown Mixed Use in the City of Waterloo Official Plan with an opportunity for even higher density allocation. The City of Waterloo is undertaking an Official Plan review to update the planning framework and implementing increased density targets in the Major Transit Station Areas including this site. This is an unprecedented opportunity in one of the best locations in all of the Waterloo Region! Seller will share all studies and site plan information with signed NDA.
Location
Province ON
County Waterloo
Area Waterloo
Exterior
Utilities Available Yes
Lot Frontage 348.0
Lot Depth 132.0
Listed by Sotheby's International Realty Canada, Brokerage
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