This prime development site is located between Columbia Street, Alberta Street, Lester Street and University Avenue, making it the ideal location for student housing in Waterloo. It is within walking distance to both the University of Waterloo (UW) and Wilfrid Laurier University (WLU). This property with 4+2 ( legal permit) bedrooms, owned tankless water heater, 2023 heat pump. It is currently rented to students with great revenue, providing an excellent opportunity for developers or investors to continue renting the property while awaiting the right time for development.With (H)RN-6 zoning, this is undoubtedly a perfect lot that perceptive developers are looking for. (id:4069)