Skip to content
1 / 7
For saleMLS® X13224322

395 Erb Street W, Waterloo, ON N2L 1W7

$1,500,000

$84 / sq ft

5 months on market

Interior
17,860 sf
Lot
91.52 × 200.17 ft

Book a private showing

Pick a time that suits you. No obligation.

Loading open times…

About this property

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.

Property details

Property

Property type
vacant land
Interior size
17,860 sq ft
Lot size
91.52 × 200.17 ft
Zoning
RMU-20 and By-law No. 2026-034
Possession
Flexible

Exterior & services

Sewer
Sanitary

Costs

List price
$1,500,000
Property taxes
$5,151 / year (2025)
Price per sq ft
$84

Listing

MLS® number
X13224322
Status
For sale
Listed
June 1, 2026
Days on market
156
Last updated
June 1, 2026
Listing brokerage
Benjamins Realty Inc.

Price & sale history

This property's sale history is hidden

TRREB rules require a free account before sold and leased prices can be shown. One registration unlocks full sale history across the site.

Unlock sale history & sold price

Free. Takes about twenty seconds.

Before you make an offer

What this home costs beyond the asking price, and how that price compares to what else is on the market.

How this price compares

This home is priced in line with comparable listings — about 50% of comparable vacant land listings in Waterloo are asking less.

$474KMedian $1.55M$7.95M
This home
$84 / sq ft
Comparable median
$167 / sq ft

Based on 14 comparable active vacant land listings in Waterloo. These are asking prices, not sale prices.

Mortgage estimate

Down payment20.0% · minimum $300,000
$300,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$6,635.01
Property tax (est.)
$429.25
Estimated monthly
$7,064

Estimate only. Excludes CMHC insurance premiums, which apply below 20% down, and does not constitute a mortgage approval or an offer of credit.

Land transfer tax

Payable on closing, on top of the purchase price.

Ontario
$26,475
Total due on closing
$26,475

An estimate on the asking price of $1,500,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of Benjamins Realty Inc.. Listing data is provided in part by the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but is not guaranteed accurate. Information is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties. Data is updated every 15 minutes.

$1,500,000

Contact Book a viewing

Comparable sales nearby

What similar homes in this area actually sold for.

Nearby sold prices are hidden

Recent closed sales for comparable homes in this area — the numbers that tell you whether the asking price is realistic.

Unlock nearby sold prices

Free. Takes about twenty seconds.

Similar properties nearby