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For saleMLS® X13667256

305 Northfield Drive, Waterloo, ON N2V 2N4

$7,850,000

$340 / sq ft

2 months on market

Interior
23,100 sf
Lot
363.5 × 0 ft

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About this property

Northfield Drive E offers the unique opportunity to acquire an established commercial complex and shopping destination, with future employment redevelopment potential. The property features a charming coffee shop, perfect for capturing the bustling local crowd and tourists alike, alongside a versatile retail building ideal for a range of business ventures and currently leased by a furniture and home decor retailer. The crown jewel of this offering is a large commercial barn, presenting endless possibilities for innovative entrepreneurs - from event spaces to artisanal markets or even a microbrewery. With its prime location in one of Canada's fastest-growing tech and industrial hubs, this property offers investors the rare chance to own a piece of Waterloo's thriving commercial landscape. The generous land parcel not only provides ample parking but also leaves room for future development, making this a truly exceptional investment opportunity in a dynamic and sought-after market.

Property details

Property

Property type
vacant land
Interior size
23,100 sq ft
Zoning
70-E1-27
Possession
Other

Exterior & services

Sewer
Sanitary

Costs

List price
$7,850,000
Property taxes
$23,636 / year (2026)
Price per sq ft
$340

Listing

MLS® number
X13667256
Status
For sale
Listed
August 12, 2026
Days on market
84
Last updated
September 22, 2026
Listing brokerage
JONES LANG LASALLE REAL ESTATE SERVICES, INC.

Price & sale history

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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 above most comparable listings — about 86% of comparable vacant land listings in Waterloo are asking less.

$474KMedian $1.40M$7.76M
This home
$340 / sq ft
Comparable median
$126 / 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 $1,570,000
$1,570,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$34,723.20
Property tax (est.)
$1,969.70
Estimated monthly
$36,693

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
$182,725
Total due on closing
$182,725

An estimate on the asking price of $7,850,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of JONES LANG LASALLE REAL ESTATE SERVICES, 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.

$7,850,000

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