316 King Street N, Waterloo, ON N2J 2W6
Waterloo · Near K I N G & U N I V E R S I T Y · View map
About this home
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.
The home
- Type
- Investment
- Square footage
- 28438 sq ft
- Lot size
- 230.8 x 125 ft
Ownership & fees
- Ownership
- Freehold
- Monthly condo fee
- None
Heating & cooling
- Heating type
- Gas Forced Air Open
- Air conditioning
- Yes
Garage & parking
- Garage
- Underground
- Total parking
- None
Taxes & other
- Property taxes
- $114,581/yr
- Tax year
- 2026
- Occupancy
- Tenant
- Possession
- IMMEDIATE
- Cross street
- K I N G & U N I V E R S I T Y
More
- MLS® number
- X13604606
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No features listed yet.
- Mortgage
- Property tax
- Maintenance fee
Cash needed to close
Estimates only, using Canadian semi-annual compounding, Ontario land transfer tax. Mortgage default insurance is added when you put down less than 20%. Your lender and lawyer will confirm exact numbers.
316 King Street, Waterloo, ON N2J 2W6
Waterloo · Near K I N G & U N I V E R S I T Y
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Listing history for 316 King Street
See what this home and others at the same address were listed for, what they sold for, and how long it took.
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Frequently asked questions about 316 King Street N
Answers come straight from this home’s MLS® listing.
How much is 316 King Street N listed for, and what would it cost each month?
316 King Street N is listed for $14,880,000. With 20% down ($2,976,000), the mortgage payment would be roughly $60,022 a month at 4.5% over 30 years. Add property tax and the estimate comes to about $69,570 a month, all in. That figure is an illustration, not a quote.
Is 316 King Street N freehold or a condo, and is there a monthly fee?
316 King Street N is a investment in Waterloo. Ownership is freehold: you own the home and the lot. There is no monthly condo fee, so the roof, windows, driveway, snow and lawn are yours to look after.
Does 316 King Street N have a garage and parking?
Yes. The listing shows the garage as underground. The listing does not include a parking space.
What style of home is 316 King Street N?
316 King Street N is an investment. Commercial property covers retail, office, industrial and investment buildings and businesses for sale or lease.
How big is 316 King Street N, and what is the lot size?
The lot is listed as 230.8 x 125 ft.
How is 316 King Street N heated and cooled?
Heating is gas forced air open. Cooling is yes.
What are the property taxes for 316 King Street N?
Property taxes are $114,581 a year (2026), or about $9,548 a month.
Where is 316 King Street N?
316 King Street N is in Waterloo. The nearest main intersection is K I N G & U N I V E R S I T Y. The postal code is N2J 2W6.
Is 316 King Street N still for sale?
Yes. It is an active listing (MLS® X13604606). Listings here update from the board through the day and come down once a home sells.
What have homes at 316 King Street sold for?
Recent sales, leases and expired listings for this home and others at the same address are in the Sold history tab, with the price and date of each. It is free for members.
How do I book a showing at 316 King Street N?
Pick a day and time with Book a Tour on this page. Tours are free, with no obligation, in person or by video. You can also call or text 647-931-3923.
Have a different question? Ask about this home and get an answer, usually within the hour.
Courtesy of: RE/MAX REALTY SPECIALISTS INC.
Listing information comes from the Toronto Regional Real Estate Board through PropTx and is deemed reliable but is not guaranteed accurate. It is provided for consumers' personal, non-commercial use. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA.
*Estimated monthly cost assumes 20% down, a 4.5% rate and a 30-year amortization, plus property tax. For illustration only.