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 Wa...terloo'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 Property Details
General
Business Type
Apts - Over 20 Units
Total Area
35747.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Business Type
Apts - Over 20 Units
Total Area
35747.00 Square Feet
Sprinklers
No
Drive-In Level Shipping Doors
-
Double Man Shipping Doors
-
Grade Level Shipping Doors
-
Truck Level Shipping Doors
-
Interior
Washrooms
0
Heating Fuel
Baseboard
Air Conditioning
Partial
Washrooms
0
Heating Fuel
Baseboard
Air Conditioning
Partial
Exterior
Depth
0.0
Front
266.65
Lot Size
267 x 0.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Covered
Garage Spaces
-
Zoning
MR100
Depth
0.0
Front
266.65
Lot Size
267 x 0.0 ft
Parking Spaces
-
Total Parking Spaces
-
Parking Description
Covered
Garage Spaces
-
Zoning
MR100
Building Description
Home Type
Commercial
Subtype
Investment
Sewers
Sanitary
Water Supply
Municipal
Possession Date
No Data
Home Type
Commercial
Subtype
Investment
Sewers
Sanitary
Water Supply
Municipal
Possession Date
No Data
Taxes & Fees
Taxes
$159,705 /yr
Tax Year
2025
Occupancy
Tenant
Taxes
$159,705 /yr
Tax Year
2025
Occupancy
Tenant
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