389 Erb Street, Waterloo, ON

$775,000
MLS#:X12595990
0 beds
0 baths
3.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable [] vacant land located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium aluminum siding construction, this residence presents an exceptional opportunity offered at $775,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 0 Bedrooms and 0 Bathrooms
  • Premium 65.76 x 200.48 ft lot size
  • Features a ["unfinished", "full"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 3.0 total parking spaces available with a convenient detached configuration
  • equipped with [] central cooling and highly efficient heating via gas

389 Erb St W features a substantial 65' x 200' lot with strong infill development potential under RMU-20 zoning, which allows a range of medium-density housing with potential for 10 or more units (buyer to verify any future use contemplated). Currently on-site is a 1.5-storey home with two bedrooms, two bathrooms, and a detached garage. The convenient location offers easy access to the University of Waterloo, Wilfrid Laurier University, Waterloo Park, shopping, and major bus routes. It is also adjacent to the established Maple Hill and Beechwood neighbourhoods.

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Key Features

000
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateMarch 5, 2026
Sold price information is available to members only
Listed Date12/2/2025
Transaction TypeFor Sale

Property Details

Property Sub-TypeVacant Land
ConstructionAluminum Siding
Lot Size65.76 × 200.48 Feet
CountyWaterloo
Annual Tax$4,316
Legal DescriptionPT LT 32 GERMAN COMPANY TRACT CITY OF WATERLOO AS IN 184753, EXCEPT 232492 & 532114; WATERLOO

Parking & Garage

Parking Spaces3.0
Garage Spaces2
Garage TypeDetached

Heating & Cooling

Heat SourceGas
Cooling[]

Features

Property Features

Community Features

Location

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389 Erb Street, Waterloo, ON

City & Neighborhood Guide

Comprehensive neighborhood overview, demographics, and school rankings for Waterloo.

Verified Local Data
Population575,847
Median Age38 Yrs
Ownership65% Owners
Avg Area List Price$716,468

People & Families

Age Distribution

Household Composition

One-person households
25%
Families with children
45%
Couples without children
28%
Other households
3%

Top Ethnic Origins

English18%
German17%
Scottish15%
Irish15%

Local Schools Guide

Elementary Schools

Our Lady of Lourdes
Public55 Roslin Avenue South, Waterloo, Ontario, N2L 6N5
5.0
Winston Churchill
Public100 Milford Avenue, Waterloo, Ontario, N2L 3Z3
5.5
Elizabeth Ziegler
Public90 Moore Avenue South, Waterloo, Ontario, N2J 1X2
6.3
L'Harmonie
Public158 Bridgeport Road East, Waterloo, Ontario, N2J 2K4
6.5
Keatsway
Public323 Keats Way, Waterloo, Ontario, N2L 5V9
4.8

Secondary Schools

St. David
Catholic4 High Street, Waterloo, Ontario, N2L 3X5
8.0
Kitchener Waterloo
Public787 King Street West, K-W Hospital, Kitchener, Ontario, N2G 1E3
7.4
Bluevale
Public80 Bluevale Street North, Waterloo, Ontario, N2J 3R5
7.0

Homes & Housing

Structural Home Types

Tenure (Ownership vs Rental)

Owner-Occupied65%
Rented35%

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Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 389 Erb Street W, Waterloo, ON N2L 1W7

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

Market Speed
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Properties in this area are selling at a steady pace.

Market Trend
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Financial Audit

Estimated Costs

Loan Amount$620,000
Monthly Mortgage$3,602
Property Tax (Est.)$360
Utilities & Maint.$350
Total Monthly Cost$4,312

Nearby School Rankings

No schools found within 3 km of this property.

Within 2km radiusFraser Institute Ratings

Nearby Listings

Distance:

No current listings found in Waterloo.

Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.

Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.