Contacts
Lennard Commercial Realty
Property Details
- Property Type VacantLand
- Property Size 23,522.4 SF
- Lot Size 0.54 Acre
- Date Updated Sep 16, 2025
Lennard Commercial Realty is pleased to offer for sale 392–398 Erb Street West in Waterloo. This offering includes two adjoining properties totaling approximately 0.54 acres, located just minutes from both Uptown Waterloo and the University District. The site is currently improved with a four-unit apartment building and a single-family home, both of which are fully leased, providing immediate holding income. It is zoned Residential Mixed-Use 20 (RMU-20), which permits development of up to six storeys in height. This flexible zoning framework supports a variety of residential redevelopment options, including mid-rise rental projects. A Site Plan Application has been prepared for a 6-storey, 74-unit apartment building, helping to streamline the development timeline and reduce upfront planning risks for prospective buyers. With zoning already in place, the property offers a rare opportunity to proceed without the delays and uncertainty of a rezoning process. Given its strategic location, preliminary development plans, and strong market fundamentals, 392–398 Erb Street West represents a compelling infill development opportunity—complete with holding income—in one of Waterloo’s most desirable growth corridors
Reach out to the broker for more info on lease terms and amenities
Getting around
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67/100
Walk Score ®
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48/100
Transit Score ®
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82/100
Bike Score ®
Location
- City Waterloo, ON
- Neighborhood Beechwood
- Postal Code N2L 1W6
Points of Interest
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Laurier - Waterloo Park
1.34 miles
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Davis Centre
1.37 miles
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University of Waterloo
1.42 miles
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Willis Way
1.50 miles
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Waterloo Public Square
1.59 miles
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Allen
1.67 miles
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Research and Technology
1.93 miles
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Grand River Hospital
1.95 miles
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Central Station
2.61 miles
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United Taxi
2.98 miles
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Shell
0.89 miles
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Canadian Tire
1.18 miles
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FLO
1.24 miles
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Petro-Canada
1.27 miles
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Sun Country Highway;Tesla
1.37 miles
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AddENERGIE
1.40 miles
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Costco Gasoline
1.46 miles
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ChargePoint
1.51 miles
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Esso
1.69 miles
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Pioneer
1.76 miles
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Beechwood Commons
0.35 miles
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Beechwood Towers
0.52 miles
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University of Waterloo: Lot T
0.91 miles
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Clinical Parking Lot
1.05 miles
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Lot H
1.09 miles
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Lot C
1.14 miles
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Lot HV
1.15 miles
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Diamonds Lot
1.18 miles
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Westside Marketplace
1.22 miles
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Lot V
1.23 miles
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Delta Waterloo
1.31 miles
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Sugarbush Guest House B&B
2.33 miles
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little city farm
2.54 miles
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The Inn of Waterloo
2.74 miles
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The Walper Hotel
3.09 miles
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Crowne Plaza
3.21 miles
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Best Western Plus
3.28 miles
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Green Gables
3.44 miles
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Frederick Street Inn
3.51 miles
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Marriott Courtyard Waterloo St. Jacobs
3.65 miles
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Zehrs
0.24 miles
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Noor Food Market
0.27 miles
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Food Basics
0.82 miles
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大統華 T&T Supermarket
0.88 miles
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Dutchie's Fresh Market
1.17 miles
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Canadian Tire
1.22 miles
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Fiddleheads
1.31 miles
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Goodness Me! Natural Food market
1.33 miles
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Sobeys
1.35 miles
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Bulk Barn
1.38 miles
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Lennard Commercial Realty
