440 WEBER Street N

About this home.

440 Weber Street offers a rare land-banking and redevelopment opportunity in a prime North Waterloo growth corridor. The property comprises 2.318 acres with strong Weber Street frontage and is ideally located near the University of Waterloo, Wilfrid Laurier University, the UW Research & Technology Park, Conestoga Mall, and Uptown Waterloo. The site includes an approximately 9,000 square foot, two-storey commercial building, currently partially tenanted with the balance owner occupied, providing interim holding income and operational flexibility. Existing improvements support continued use while long-term redevelopment plans are evaluated. A large surface parking area further enhances future site planning potential. Zoned E1-40, the property permits a wide range of commercial and employment uses and presents significant long-term intensification potential. The surrounding area is evolving, with a neighbouring property advancing plans for a high-density mixed-use development, reinforcing the site’s appeal as a future redevelopment opportunity. This offering is well suited for developers and investors seeking scale, income during hold, and long-term upside in one of Waterloo’s most desirable and supply-constrained locations. (id:59491)

The full record.

How this listing prices against Uptown Waterloo/North Ward.

Uptown Waterloo/North Ward saw 4 sales and 23 active listings over the past 30 days, so this remains a low-volume market with enough supply to keep conditions from feeling especially tight. The average price was $645,000, well below the Waterloo average, and homes sold in just over 14 days, which suggests buyers are moving quickly when the right property comes up. Sales were split between 3 freeholds and 1 condo, giving the area a mixed profile rather than a single clear price band. With limited deal flow, individual sales can swing the averages, but activity here was quicker than the city as a whole.

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