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For saleMLS® X14030766

255 Toll Gate Boulevard, Waterloo, ON N2L 4M3

$5,500,000

$52 / sq ft

3 weeks on market

Interior
105,851 sf
Lot
362.82 × 362.82 ft

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About this property

**Prime Development Opportunity in Waterloo!** Exceptional opportunity to acquire a combined 2.43-acre development site at 575 Glen Forrest Blvd (0.729 acres) and 255 Tollgate Blvd (1.701 acres). 575 GLEN FOREST BLVD- Site plan approval pending- 6 COMMERCIAL UNITS, 36 RESIDENTIAL UNITS, 70 PARKINGS. 255 TOLL GATE BLVD- Proposed plan approved ( contract signing pending with the city) for 15 COMMERCIAL UNITS, 90 RESIDENTIAL UNITS, 159 PARKINGS. Ideally situated near the University of Waterloo and the proposed new hospital, this site offers an exciting opportunity for developers and investors. Buyers are responsible for independently verifying zoning, approvals, and permitted uses. A rare opportunity to explore mixed-use development in a strategic Waterloo location!

Property details

Property

Property type
vacant land
Interior size
105,851 sq ft
Lot size
362.82 × 362.82 ft
Zoning
CC
Possession
Flexible

Costs

List price
$5,500,000
Property taxes
$41,083 / year (2026)
Price per sq ft
$52

Listing

MLS® number
X14030766
Status
For sale
Listed
October 14, 2026
Days on market
22
Last updated
October 15, 2026
Listing brokerage
CENTURY 21 RIGHT TIME REAL ESTATE INC.

Price & sale history

This property's sale history is hidden

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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 in line with comparable listings — about 64% of comparable vacant land listings in Waterloo are asking less.

$474KMedian $1.40M$7.95M
This home
$52 / 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 $1,100,000
$1,100,000
Interest rate5-year fixed, illustrative only
4.49%
Amortization
Principal & interest
$24,328.36
Property tax (est.)
$3,423.58
Estimated monthly
$27,752

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
$123,975
Total due on closing
$123,975

An estimate on the asking price of $5,500,000. Rates current as of September 2026; confirm the final figure with your real estate lawyer.

Listing courtesy of CENTURY 21 RIGHT TIME REAL ESTATE 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.

$5,500,000

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