310 King Street N Waterloo, Ontario N2J 2Z2

$1,800,000

Rare opportunity to acquire a strategic development site just steps from Wilfrid Laurier University and within walking distance of bearly 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. Architectural schematic plans are available for a proposed 8-storey apartment building featuring at-grade parking, eliminating 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 and uncertain 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 vibrant collection of restaurants, cafés, shopping, entertainment venues, major employers, and year-round amenities. Public transit, including the ION LRT corridor, is easily accessible, further enhancing the site's appeal for future residents. Adding to the opportunity, the existing property is improved with a triplex, allowing purchasers to generate holding income while advancing planning, design, and development objectives. If you are an experienced developer, investor, or builder seeking a well-located mid-rise opportunity, this property offers a combination of 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. (id:61499)

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https://www.realtor.ca/real-estate/30273086/310-king-street-n-waterloo