366 Holly Street

About This Property

ATTENTION INVESTORS! RMU ZONING, DUPLEX POTENTIAL WITH SEPARATE ENTRANCE, AND ASSEMBLY POTENTIAL WITH 25 HIGH STREET. 366 Holly Street is a solid bungalow offering immediate rental income potential with three bedrooms on the main floor and six additional bedrooms on the lower level, and ideal for duplex configuration. The true long-term value is in the land and flexible RMU zoning, which permits a wide range of multi-unit residential uses, including mid-rise redevelopment. The property also sits within the proposed Sugarbush South Initiative under the City of Waterloo's Housing Accelerator Fund, a planning framework intended to streamline and accelerate approvals for higher-density and "missing middle" housing. An added advantage is the ability to purchase 366 Holly together with the neighbouring legal fourplex at 25 High Street, creating an expanded development footprint and the option for coordinated closings. With strong rental demand, redevelopment flexibility, and a prime location near universities, transit, and daily conveniences, this offering is a strategic opportunity to renovate, hold, or pursue a larger, multi-parcel project.