Description

Prime redevelopment opportunity in one of Waterloo's most established and desirable neighbourhoods. Situated on a 68 ft x 132 ft lot (approx. 0.21 acres), this property is designated Residential within a Major Transit Station Area (MTSA), a key intensification zone under provincial and municipal planning policy supporting higher density development. Currently improved with a place of worship, the site offers exceptional redevelopment potential, including the possibility of severance into two premium residential lots for custom single detached homes or a high-end semi-detached project. In addition, the MTSA designation may support more intensive forms of development such as multiple residential units or gentle density infill, subject to municipal approvals. Surrounded by mature, upscale homes and located just minutes to Uptown Waterloo, universities, transit, and amenities, this is an ideal opportunity for builders, investors, and developers seeking a well-located infill project with both immediate and longer-term redevelopment potential. Rarely do opportunities arise in this location with this level of planning support, intensification potential, and redevelopment flexibility.