N2L Land Properties for Sale

N2L Land for Sale

More details for 391 Erb St W, Waterloo, ON - Land for Sale

395, 393, and 391 Erb Street West, Waterloo - 391 Erb St W

Waterloo, ON N2L 1W7

Land for Sale
$985,000 - $3,785,000 CAD
0.23 - 0.41 AC Lots

Waterloo Land for Sale - Western GGH

Offered together as a land assembly, 391, 393, and 395 Erb Street West comprise a combined 0.896-acre site (approximately 39,030 sq. ft.) in the highly desirable Waterloo West neighbourhood. Positioned along the Erb Street corridor, these properties benefit from convenient connectivity to Uptown Waterloo, the ION LRT, University of Waterloo, employment hubs, shopping, and everyday amenities. The site’s nearly 200' x 200' square configuration and large road frontage create an ideal canvas for future redevelopment. The properties fall within the City of Waterloo’s recently approved Community Planning Permit By-law – Erb Street Corridor, an innovative planning framework designed to streamline development approvals. The site offers an opportunity to redevelop a 6-storey mixed-use building or stacked townhouse condominiums, with up to 450 bedrooms per hectare. Existing residential dwellings on the properties may provide interim rental income while future plans and approvals are pursued. An excellent opportunity to participate in Waterloo Region’s continued expansion and intensification with a large-scale redevelopment.

Contact:

Benjamins Realty Inc.

Property Subtype:

Commercial

Date on Market:

2026-07-02

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Land Properties for Sale Within 5 kilometers of N2L

114 Weber St N

Waterloo, ON

Land for Sale
$9,750,000 CAD
1.62 AC Lot

Waterloo Land for Sale - Western GGH

Set on 1.62 acres, this prime future development site is currently improved with a 15,634 SF fully leased, income-producing retail plaza, offering immediate cash flow with significant long-term upside. Zoned C1-60 (high density), the property permits development up to 18 storeys with a density allowance of 675 bedrooms per hectare. Strategically located at the prominent corner of Weber Street North and Lincoln Road, the site provides excellent connectivity with convenient access to Highways 7/8 and 401. Surrounded by a high density residential community, the property benefits from exceptional exposure and strong vehicular traffic. The plaza features ample on-site free parking and is positioned among major national retailers, including Sobeys, Walmart, Shoppers Drug Mart, Tim Hortons, and numerous other established tenants, reinforcing its status as a highly desirable commercial and redevelopment opportunity.