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:4069)
Address
701 UNIVERSITY Avenue E
List Price
$999,900
Property Type
Vacant Land
Transaction Type
Sale
Area
Ontario
Sub-Area
Waterloo
Lot Size
0.382 Ac.
MLS® Number
40761791
Listing Brokerage
Right at Home Realty
Basement Area
None
Postal Code
N2K3V1
Zoning
R4
Site Influences
Public Transit, Schools
Features
Visual exposure
