Salehian.com 647-325-5000

310 King Street N

Waterloo, N2J 2Z2

$1,800,000

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Listed 36 days ago · MLS® X13781038

About this home

Rare opportunity to acquire a strategic development site just steps from Wilfrid Laurier University and within walking distance of nearly 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.Conceptual plans prepared for the site illustrate a proposed 7-storey residential building featuring 42 apartment units and 54 bedrooms with a mix of 1-bedroom, 1-bedroom-plus-den, and 2-bedroom suites. Proposed gross floor area of approximately 2,550 m with 13 parking spaces and green space. At-grade parking eliminates 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 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 restaurants, cafes, shopping, entertainment, major employers, and amenities. Public transit, including the ION LRT corridor, is easily accessible, further enhancing the site's appeal.Adding to the opportunity, the existing property is improved with a triplex, allowing purchasers to generate holding income while advancing planning and development objectives. This property offers both 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.

Details

Type
Land
Lot
66.12 × 122.2 ft
Property tax
$8,379 (2026)
Municipality
Waterloo

Heating, cooling and services

Water and sewer
Sanitary+Storm
Utilities
Available

Building and exterior

Building area
8,072 Square Feet

More

Possession
Flexible
Cross street
Hickory Street East and King Street North
Business type
Residential

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

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The neighbourhood

Getting around Very walkable

  • 🚇 Laurier - Waterloo Park LRT1.3 km
  • 🚇 University of Waterloo LRT1.4 km

Within a 10-minute walk: 5 grocery stores, 62 cafés and restaurants, 4 parks, 3 pharmacies. Nearest grocery: India Food and Grocery (500 m). Nearest park: Veterans' Green (400 m).

Schools nearby

Elementary

  • Winston Churchill Public School
    EQAO: Gr 6 reading 88%, math 56%    17 min walk
  • École élémentaire catholique Mère-Élisabeth-Bruyère French
    EQAO: Gr 6 reading 95%, math 68%    1.3 km
  • Lincoln Heights Public School
    EQAO: Gr 6 reading 75%, math 47%    1.4 km
  • École élémentaire L'Harmonie French
    EQAO: Gr 6 reading 90%, math 79%    1.5 km

Secondary

  • Waterloo Collegiate Institute
    EQAO: Gr 9 math 57%, literacy test 85%    6 min walk
  • St. David Catholic Secondary School Catholic
    EQAO: Gr 9 math 67%, literacy test 97%    11 min walk
  • MacGregor Public School14 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N2J

Owners / renters
53% / 47%
Median household income
$74,500
Average age
42
Children under 15
12%
Homes
35% detached, 35% high-rise
Commute by transit
7%
Population
20,899

Languages spoken most at home besides English: Mandarin 1.8%, Arabic 1%, German 0.7%, Spanish 0.7%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 4 km. Transit times · Driving times

Noise Nothing major nearby

No highway within 500 m, rail line within 300 m, or airport flight path nearby.

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by ROYAL LEPAGE WOLLE REALTY.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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