Space
Finished area and layout
- Building Area
- 35,747 sqft
Contact for price
508 BEECHWOOD
Waterloo, On, N2T 1H3
mixed use·sale·Tax $159,705/yr
NewPower of Sale
35,747 sqft
Building Area
Property Snapshot
Key details for this listing
Property
Type, style and structure
- Type
- commercial
- Style
- investment / Mixed Use
Lot
Land, frontage and setting
- Zoning
- MR100
Costs
Price, taxes and monthly charges
About This Property
This investment in Waterloo offers 35,747 sqft of building area. The property has zoned MR100. The home features partial.
MLS Remarks
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
Full Listing Details
Address508 BEECHWOOD Drive, Waterloo, ON N2T 1H3
MLS#X13743048
Listing StatusNew
Property TypeCommercial
Sub-TypeInvestment
TransactionSale
List DateSep 2, 2026
Days on Market53
Annual Tax$159,705 (2025)
Possession DetailsTBD
Power of SaleYes
StyleMixed Use
CityWaterloo
ProvinceOn
Postal CodeN2T 1H3
Lot Size1.01 ac
ZoningMR100
CoolingPartial
SecurityNo
UtilitiesAvailable
SewerSanitary
Annual Tax$159,705 (2025)
Business TypeApts - Over 20 Units
Located on the North of Beechwood Drive
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