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316 King Street N
Waterloo Waterloo N2J 2W6

$14,880,000 /For Sale
Commercial

Main Photo: 316 King Street N in Waterloo: Commercial for sale : MLS®# X13604606
Photo 1: 316 King Street N in Waterloo: Commercial for sale : MLS®# X13604606
Photo 2: 316 King Street N in Waterloo: Commercial for sale : MLS®# X13604606
Photo 3: 316 King Street N in Waterloo: Commercial for sale : MLS®# X13604606
Photo 4: 316 King Street N in Waterloo: Commercial for sale : MLS®# X13604606
Photo 5: 316 King Street N in Waterloo: Commercial for sale : MLS®# X13604606
Photo 6: 316 King Street N in Waterloo: Commercial for sale : MLS®# X13604606
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X13604606
Bus Major:
Apts - Over 20 Units
A rare opportunity to acquire a prominent King Street address in the heart of Waterloo, anchored by an existing 10-storey residential building with a proven rental history. Strategically located within walking distance to the University of Waterloo, Wilfrid Laurier University, and Conestoga College Waterloo Campus, this property sits in one of the region's most desirable rental corridors, surrounded by constant demand from students, professionals, and urban residents. Built in 2009, the existing building has remained fully rented since completion, offering investors immediate in-place income, stability, and long-term holding value in a high-growth market. The additional upside makes this opportunity truly exceptional. The same lot benefits from approved zoning for a 14-storey condominium development, allowing for a total project of 123 condominium apartments with a mix of one, two, and three-bedroom units. This gives the purchaser the rare ability to secure strong existing cash flow today while unlocking significant future development potential. For builders, developers, and strategic investors, the groundwork has already been advanced. A full team of architects, planners, and builders is available and ready to assist with execution, if required. This is more than a development site. It is an income-producing asset with a clear path to growth in one of Waterloo's strongest urban locations.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
28438 sq. ft. Square Feet
Total Area:
28,438 sq. ft.
Office/Apt Area:
171986 sq. ft. Sq Ft
Lot Depth:
125'
Lot Frontage:
230'9½"
Lot Details:
230.79 x 125.00 Feet (65.85 Ft X 122.16 Ft X 231.04 Ft X 142.1)
Water supply:
Municipal
Rooms:
0
Zoning:
Residential Mixed-Use
Heating type:
Gas Forced Air Open
Cooling:
Yes
Attached Garage:
Yes
Garage:
Underground
Possession Details:
IMMEDIATE
Lot Irregularities:
65.85 Ft X 122.16 Ft X 231.04 Ft X 142.1
HST Applicable To Sale Price:
Included In
Type Taxes:
Annual
Taxes:
$114,580.8 / 2026
Assessment:
$- / -
Waterloo
Waterloo
Irregular Lot
No
Freight
No
Utilities:
Available
Sewers:
Sanitary+Storm
Air Conditioning:
Yes
Seller Property Info Statement:
No
Major Business Type:
Apts - Over 20 Units
Category:
Apartment
Franchise:
No
Date Listed:
Jul 24, 2026
Original Price:
Previous Price:
  • Photo 1: 316 King Street N in Waterloo: Commercial for sale : MLS®# X13604606
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  • Photo 2: 316 King Street N in Waterloo: Commercial for sale : MLS®# X13604606
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  • Photo 3: 316 King Street N in Waterloo: Commercial for sale : MLS®# X13604606
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  • Photo 4: 316 King Street N in Waterloo: Commercial for sale : MLS®# X13604606
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  • Photo 5: 316 King Street N in Waterloo: Commercial for sale : MLS®# X13604606
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  • Photo 6: 316 King Street N in Waterloo: Commercial for sale : MLS®# X13604606
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Listed by RE/MAX REALTY SPECIALISTS INC.
Data was last updated July 25, 2026 at 02:15 AM (UTC)
DARYL  KING
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Why Invest in Apartment Buildings for Sale?

Owning an apartment building for sale provides unique advantages:

  • Multiple rental units generate consistent monthly income
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  • Opportunity to increase property value through renovations and upgrades
  • High demand for rental housing in urban and suburban markets

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When evaluating apartment buildings for sale, consider:

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FAQs – Apartment Buildings for Sale

1. Are apartment buildings a good investment?
Yes, apartment buildings provide steady rental income, potential tax benefits, and property value appreciation over time.

2. What should I consider before buying an apartment building?
Evaluate location, tenant demand, building condition, rental income, and management costs.

3. Can first-time investors buy apartment buildings?
Yes, many financing options are available for new investors, including CMHC-backed loans and commercial mortgages.

4. How many units are considered an apartment building?
Typically, any property with five or more units is classified as an apartment building for investment purposes.

5. Where can I find apartment buildings for sale?
You can find listings across major cities and growing suburbs where rental demand remains strong.