$2,199,000
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392 398 Erb Street W, Waterloo on N2L 1W6, Waterloo, ON N2L 1W6

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This site 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. A Site Plan Application has been conditionally approved for a 6-storey, 74-unit apartment building, helping to streamline the development timeline and reduce upfront planning risks for prospective buyers. Given its strategic location, preliminary development plans, and strong market fundamentals, 392398 Erb Street West represents a compelling infill development opportunitycomplete with holding incomein one of Waterloos most desirable growth corridors. Note: Both properties must be sold together. Please sign CA to access data room. Offers must include Sellers Schedule C (ask LA for a copy).

Listing By: Eghan Rashidi - Lennard Commercial Realty cnitso Realty.com
  • MLS® 40759326
  • Date Listed08/11/2025
  • Days on Realty 301 Days
  • Bedrooms 0
  • Bathrooms
  • Lot Size 0.54 acres (23,566 sq. ft)
  • County Waterloo

Exterior / Lot Features

  • Roof -
  • Lot Size Acres 0.54
  • Lot Size SQFT 23,565.96
  • Lot Features High Traffic Area, Highway Access, Public Transit, Schools, Visual Exposure

Directions

Fischer-Hallman Road N & Erb Street W

Sales & Tax History

Source: Public Records

Local Neighborhood Highlights for N2L 1W6

Discover key demographics, population statistics, and environmental insights for the Waterloo, ON area.

Walkability in ON / N2L 1W6

Source: Walk Score

63/100

Somewhat Walkable

Walk Score ®

48/100

Some Transit

Transit Score ®

82/100

Very Bikeable

Bike Score ®

Overview

Some errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

Transit Summary

7 nearby routes: 7 bus, 0 rail, 0 other

Walkability averages in the surrounding area

The average walkability score in the surrounding area is Walk Score: 49/100, Transit Score: 41/100, Bike Score: 59/100.

Points of Interest near 392 398 Erb Street W, Waterloo ON N2L 1W6, Waterloo, ON N2L 1W6

Frequently Asked Questions for 392 398 Erb Street W, Waterloo ON N2L 1W6

Source: Realty.com

392 398 Erb Street W, Waterloo ON N2L 1W6, Waterloo, ON N2L 1W6 in Waterloo, ON N2L 1W6 is a mixed use listed at $2,199,000. Highlights include 0.54 acre lot. Realty.ca has 13 photos, sales history, school insights, and mortgage tools for this listing.

Realty.com has 13 photos of 392 398 Erb Street W, Waterloo ON N2L 1W6.

The full address for this home is 392 398 Erb Street W, Waterloo ON N2L 1W6, Waterloo, ON N2L 1W6.

392 398 Erb Street W, Waterloo ON N2L 1W6 has been listed on Realty.com since Mon August 11, 2025

Some errands can be accomplished on foot. A few nearby public transportation options. Biking is convenient for most trips.

The average walkability score in the surrounding area is Walk Score: 49/100, Transit Score: 41/100, Bike Score: 59/100.

Listing provided courtesy of: Lennard Commercial Realty (tel: 519-340-5900)
Listing agent: Eghan Rashidi (tel: 519-404-9960)

This content last refreshed on 2026-06-08 09:22:34. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.