316 King ST N, Waterloo, ON N2J 2W6
316 King ST N, Waterloo, ON N2J 2W6
316 King ST N, Waterloo, ON N2J 2W6
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Christine Domina

Christine Domina

+1(416) 873-4747
$14,880,000
Est. payment /mo
Save

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

MLS Listing ID X13604606

Annual Tax Amount $114,580

Tax Year 2026

Property Sub-Type Investment

Property Description

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.

Location

Province ON

County Waterloo

Area Waterloo

Interior

Heating Yes

Cooling Yes

Exterior

Utilities Available Available

Lot Frontage 230.79

Lot Depth 125.0

Building

Lot Description Irregular Lot

Others

Security Features No

ParcelsYN No

Read Less Info
Listed by RE/MAX REALTY SPECIALISTS INC.

GET MORE INFORMATION

Christine Domina

Christine Domina

+1(416) 873-4747

Realtor | License ID: 9603994

Realtor License ID: 9603994

First Name*

First Name*

Last Name*

Last Name*

Phone*

Phone

Message

By checking this box, I agree by electronic signature to the Electronic Disclosure Consent Agreement; to receive recurring marketing communication from or on behalf of Christine Domina - Real Estate Smarts, including auto-dialed calls, texts, and artificial/prerecorded voice messages (message frequency varies; data rates may apply; reply "STOP" to opt-out of texts or "HELP" for assistance); and to the Terms of Service and Privacy Policy of this website. Consent not required to make a purchase. I understand that I can call to obtain direct assistance.