701 UNIVERSITY Avenue E, Waterloo, Ontario

$999,900

Prime Development Opportunity Backing onto Kaufman Flats With R4 zoning, 167 ft. of frontage, and almost 6,000 sq. ft. of existing living space, this property offers incredible potential for redevelopment or reimagination. Backing onto Kaufman Flats with a peaceful treed backdrop, the site combines privacy with the advantage of a high-visibility location that is easily accessible to public transit, top schools, shopping, and amenities. The existing custom-built 5-bedroom, 4-bathroom home provides a functional layout for large families or multi-generational living, while also appealing to those seeking a site with long-term investment and development potential. A walkout basement with separate entrances, a double car garage, and a separate 2-car garage/workshop with an excavated workshop below add flexibility for home business use or future adaptation. Whether renovated into a spacious family residence, reimagined for multi-unit living, or explored for redevelopment under R4 zoning, this property presents a rare opportunity in one of Waterloo’s most desirable and well-connected communities. (id:23309)

Listing ID: 40761791
Property Type: Vacant Land

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Details

Amenities Nearby: Public Transit, Schools
Community Features: High Traffic Area
Features: Visual exposure
Ownership: Freehold
Transaction: For sale
Zoning Description: R4

Building

BasementType: None
Fireplace Present: False
Utility Water: Municipal water

Land

Amenities: Public Transit, Schools
Fence: Partially fenced
Sewer: Municipal sewage system
Size Frontage: 168 ft
Size Irregular: 0.382
Size Total: 0.382 ac|under 1/2 acre

Listing provided by Right at Home Realty
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 701 UNIVERSITY Avenue E in Waterloo Ontario. It was last modified on September 11th, 2025. Contact the Bonnie & Ken Rossiter Team to schedule a viewing or to discover other Waterloo properties for sale.

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