Lot 230.79 × 125.00 Feet (65.85 Ft X 122.16 Ft X 231.04 Ft X 142.1)
What you should know
316 King St N is an investment in Waterloo, listed for $14,880,000.
1The additional upside makes this opportunity truly exceptional.
2The 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.
3For builders, developers, and strategic investors, the groundwork has already been advanced.
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Zara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
Commercial Property in Waterloo
About 316 King Street North
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.
Waterloo investment priced at $14,880,000 — book a tour to see if it fits your search.
Inside 316 King St N
Every detail from the listing, in one place.
Type
Investment
Lot size
230.79 x 125.00 Feet (65.85 Ft X 122.16 Ft X 231.04 Ft X 142.1)
Features & systems
Lot & land
Lot dimensions
230.79 x 125.00 Feet (65.85 Ft X 122.16 Ft X 231.04 Ft X 142.1)
Lot size (sqft)
0
Lot features
Irregular Lot
Listing & possession
Property class
Investment
316 King St N Price & Sale History
Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
For saleListedThis listingMLS® X13604606$14,880,000
Sourced from MLS®. Includes earlier listings of this property on record.
What's it worth?
How 316 King St N Compares to the Waterloo Market
Zara compares it with recent sales of similar homes nearby. It's a guide, not an appraisal.
Zara’s estimate
$•,•••,•••
Estimated from city-wide sales. There isn’t enough detail on this listing to rate the price.
Mortgage financing is arranged through Mortgage Squad Advisors. Summitly is the technology platform that powers this site. Estimated values, AI insights, calculator results, and rental projections shown on this page are generated by Summitly and are not provided by, reviewed by, or sourced from TRREB, the MLS®, or the listing brokerage; they are not appraisals or opinions of value. The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The Coldwell Banker® name and logo are trademarks of Coldwell Banker Real Estate LLC.
Keep looking near 316 King St N
Homes for sale in Waterloo
Every active Waterloo MLS® listing, updated all day.
Average days on market32Homes sold in about 32 days on average.
Sale-to-list ratio100.0%On average, homes sold at or above asking.
Active listings381Homes for sale here right now.
Median vs prior 90 days−1.0%Compared with May 6 – Aug 4, 2026: prices down.
Based on 432 sales from Aug 4 – Nov 2, 2026 (297 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
316 King St N is listed at $14,880,000 (MLS® X13604606). Summitly updates the price as soon as the MLS® record changes.
Has the price of 316 King St N changed?
No — 316 King St N is still listed at its original asking price of $14,880,000.
How many bedrooms and bathrooms does 316 King St N have?
The listing for 316 King St N doesn't publish its bedroom and bathroom count. It is a commercial property in Waterloo.
Is 316 King St N close to transit?
The nearest rapid-transit station is Laurier - Waterloo Park Station (ION), about 1.4 km (about a 17-minute walk) in a straight line. University of Waterloo Station is about 1.4 km (about a 18-minute walk), and Research and Technology Station is about 1.6 km (about a 20-minute walk). Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
How does 316 King St N compare with other homes in Waterloo?
Its asking price of $14,880,000 is about 2026% above the median sold price in Waterloo over the last 90 days, $700,000, across 432 closed sales on the TRREB MLS®. A city median mixes every type and size of home, so the comparable sales on this page are the closer guide.
Has 316 King St N been sold before?
Summitly has no earlier MLS® sale or lease of 316 King St N on record from the last two years. Older records aren't shown under TRREB rules.
Where is 316 King St N?
316 King St N is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
How long has 316 King St N been on the market?
101 days — 316 King St N was listed on July 24, 2026.
What is the lot size of 316 King St N?
The lot measures 230.79 × 125.00 Feet (65.85 Ft X 122.16 Ft X 231.04 Ft X 142.1), as published in the listing.
What is the land transfer tax on 316 King St N?
About $358,475 in Ontario land transfer tax at the asking price of $14,880,000. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
How do I book a viewing of 316 King St N or make an offer?
Select "Book a viewing" on this page and pick a time. A licensed Coldwell Banker Summit Realty, Brokerage agent confirms it with the listing brokerage. When you're ready, your agent prepares the offer with you and submits it to the listing brokerage.
What is the property tax for 316 King St N?
The listing for 316 King St N doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Waterloo.
