Waterloo, ON · · MLS® X13743048Updated
$1
508 Beechwood Dr is an investment in Waterloo, listed for $1.
Coldwell Banker Summit Realty, BrokerageZara is an AI virtual agent. Advisors are licensed REALTORS® at Coldwell Banker Summit Realty, Brokerage.
The offering presents the opportunity to acquire a 100% freehold interest in 508 Beechwood Drive, Waterloo, Ontario (the "Property" or the "Site"), offered under a power of sale. The Property presents investors with the opportunity to acquire a 41-unit, 1982 vintage concrete apartment building in Waterloo's prestigious Beechwood neighbourhood, paired with an approved 139-unit infill development - a rare combination of in-place income and shovel-ready density in one of Canada's strongest multifamily markets.The Property is a 41-unit concrete apartment building offering spacious layouts averaging 737sf for one-bedrooms and 1,117 sf for two-bedrooms, with eight units currently vacant and available for immediate repositioning. The 33 occupied units carry an average in-place rent of$1,422 against average market rents of $2,133, providing a purchaser with a clear runway tomark rents to market as natural turnover occurs. The asset offers durable cast-in-place concrete construction with lower long-term capital requirements, while the Beechwood location continues to see strong tenant demand from Waterloo's professional renter base, the region's 29,000-person tech workforce, and the 100,000+ students enrolled across the University of Waterloo, Wilfrid Laurier, and Conestoga College.508 Beechwood Drive Property Specific Details Land Area: 1.83 acres PINs: 226851372, 226851373 Suites: 41 (13 one-bed, 1 one-bed + den, 26 two-bed, 1 three-bed penthouse)GLA: Approx. 55,930 sf Parking: 60 spaces Zoning: RMU-20 (Residential Mixed-Use) & OS3 (Conservation) with Site Specific Provisions Approved Infill: 165,265 sf GFA / 139 units NOI: $451,037
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Earlier listings of this property, list-price changes, and the most recent annual property tax on the listing.
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Closed sales on the TRREB MLS®.
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Listing brokerage: CUSHMAN & WAKEFIELD, BrokerageMLS® X13743048 · Listing data last updated
Listing data comes from the Toronto Regional Real Estate Board (TRREB) and is deemed reliable but not guaranteed. Shown on Summitly by Coldwell Banker Summit Realty, Brokerage, which is not the listing brokerage. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. © 2026 Toronto Regional Real Estate Board. All rights reserved.
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Based on 440 sales from Jul 27 – Oct 25, 2026 (306 in the prior 90 days). Aggregate MLS® figures for closed sales; individual sold prices are shown only to signed-in members.
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508 Beechwood Dr is listed at $1 (MLS® X13743048). Summitly updates the price as soon as the MLS® record changes.
No — 508 Beechwood Dr is still listed at its original asking price of $1.
The listing for 508 Beechwood Dr doesn't publish its bedroom and bathroom count. It is a commercial property in Waterloo.
The nearest rapid-transit station is Laurier - Waterloo Park Station (ION), about 2.8 km in a straight line. University of Waterloo Station is about 2.8 km, and Willis Way Station is about 3.2 km. Distances are straight-line, not walking routes; check the transit agency for routes and schedules.
Its asking price of $1 is about 100% below the median sold price in Waterloo over the last 90 days, $695,000, across 440 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.
Summitly has no earlier MLS® sale or lease of 508 Beechwood Dr on record from the last two years. Older records aren't shown under TRREB rules.
508 Beechwood Dr is in Waterloo, ON. Schools, transit, parks and shops nearby are under Location & lifestyle on this page.
53 days — 508 Beechwood Dr was listed on September 2, 2026.
About $0 in Ontario land transfer tax at the asking price of $1. First-time buyers can get up to $4,000 back. Legal fees and other closing costs are extra.
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The listing for 508 Beechwood Dr doesn't publish the annual property tax. The property tax calculator linked at the foot of this page gives an estimate for Waterloo.
The listing for 508 Beechwood Dr doesn't publish a year built. A Summitly agent can ask the listing brokerage for it.
