25 High Street presents a significant redevelopment opportunity in one of Waterloo’s most established student areas. Currently configured as a fourplex creating the potential for substantial rental income once restored. The building is vacant making it an ideal candidate for a full renovation or a complete redevelopment depending on a buyer’s vision. The property is zoned RMU, allowing for a wide range of multi-unit residential uses, including mid-rise buildings—an increasingly rare offering in this neighbourhood. It also benefits from its location within the proposed Sugarbush South Initiative, part of the City of Waterloo’s Housing Accelerator Fund program supporting the creation of “missing middle” housing. This designation is intended to streamline approvals for multi-unit development and encourage higher-density projects in the area. For buyers looking to assemble a larger footprint, 25 High Street is offered alongside the neighbouring property at 366 Holly Street, a bungalow with additional redevelopment potential. Together, the two parcels create a unique chance to pursue a larger, coordinated project in a high-demand location near universities, transit, shopping, and everyday conveniences. Whether you plan to rebuild, reconfigure, or redevelop, 25 High Street offers the scale and zoning needed to bring a meaningful housing project to life in a prime Waterloo corridor.