120 King Street N

Waterloo, ON N2J 2X8

$1,400,000

About This Property

Exceptional Development Opportunity in the heart of Uptown Waterloo! Prime location at the coveted intersection of King Street and Central Street, ideally situated between University Avenue and Bridgeport Road. This 50 ft x 125 ft lot offers outstanding potential for redevelopment with zoning that allows construction up to 18 storeys (U1-60 - Uptown Core). Concept plans (available in attachments) propose an 11-unit building with a total of 41 bedrooms and 3 commercial units on the main level - or bring your own design to take full advantage of this unique zoning. The property is within walking distance to both the University of Waterloo and Wilfrid Laurier University, surrounded by a vibrant mix of retail, dining, and amenities. This is one of the most desirable sites in Waterloo Region, offering excellent exposure, strong growth potential, and ideal suitability for a new commercial or mixed-use development. The existing structure is being sold "as is, where is" and must be demolished by the Buyer. The City of Waterloo has expressed support for new business and redevelopment initiatives in this area. Don't miss this rare opportunity to secure a premium Uptown Core property with exceptional potential for future growth.