$3,288,000
282 ERB STREET W
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Location
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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. (id:65958)
- Subtype
- Vacant Land
- Lot dimensions
- 73.77 x 172.49 FT
- On market
- Apr 16, 2026
- Status changed
- Apr 16, 2026
- Annual tax
- $30,385.3
- Zoning
- Rmu-20 Residential Mixed-Use Zone
- Photos
- 3
- MLS#
- X13007430
- Area
- WATERLOO
Features and systems
Utilities
Lifestyle nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Waterloo. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 16, 2026.