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Home ON Kitchener - Cambridge - Waterloo Waterloo Region Waterloo Central
120 KING Street N
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120 KING Street N $1,400,000
$1,400,000
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120 KING Street N
Waterloo, Ontario N2J2X8

MLS® Number: 40800344

Listing Description

Exceptional Development Opportunity in the heart of Uptown Waterloo! Prime location at the coveted intersection of King Street and Central Street, ideally situated between University Avenue and Bridgeport Road. This 50 ft x 125 ft lot offers outstanding potential for redevelopment with zoning that allows construction up to 18 storeys (U1-60 – Uptown Core). Concept plans (available in attachments) propose an 11-unit building with a total of 41 bedrooms and 3 commercial units on the main level — or bring your own design to take full advantage of this unique zoning. The property is within walking distance to both the University of Waterloo and Wilfrid Laurier University, surrounded by a vibrant mix of retail, dining, and amenities. This is one of the most desirable sites in Waterloo Region, offering excellent exposure, strong growth potential, and ideal suitability for a new commercial or mixed-use development. The existing structure is being sold “as is, where is” and must be demolished by the Buyer. The City of Waterloo has expressed support for new business and redevelopment initiatives in this area. Don’t miss this rare opportunity to secure a premium Uptown Core property with exceptional potential for future growth. (70143219)

Location Description

Central and Spring Streets

Property Summary

Property Type
Vacant Land
Subdivision Name
114 - Uptown Waterloo/North Ward
Title
Freehold
Land Size
under 1/2 acre
Annual Property Taxes
$4,247
Time on REALTOR.ca
17 days

Building

Interior Features
Basement Type
None
Building Features
Total Units
0
Utilities
Utility Type
Natural Gas (Available)
Utility Sewer
Municipal sewage system
Water
Municipal water

Land

Lot Features
Frontage
50 ft
Land Depth
125 ft
Other Property Information
Zoning Description
U1-60
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519-722-1266
519-623-3541
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519-623-3541
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519-623-3541

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