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Highlights

  • Prime Uptown Location – Situated in the heart of Waterloo’s most vibrant and walkable urban district.
  • Transit & Connectivity – Steps to ION LRT with quick access to Highway 85 and the broader region.
  • High Visibility & Foot Traffic – Surrounded by retail, dining, and office uses in a busy commercial corridor.
  • Strong Demographics – Close to major universities, attracting a steady mix of students and professionals.

Space Availability (3)

Display Rental Rate as

  • Space
  • Size
  • Term
  • Rental Rate
  • Rent Type
  • 1st Floor, Ste 102L
  • 1,116 SF
  • Negotiable
  • $23.21 USD/SF/YR $1.93 USD/SF/MO $25,897 USD/YR $2,158 USD/MO
  • Modified Gross
Space Use
Retail
Build-Out
Full Build-Out
Availability
Now

Excellent opportunity for lower rent commercial space in Uptown Waterloo. All expenses included in gross rental rate, tenant to only pay for their own data, phone, suite cleaning, etc. Premises located in lower level of the building. Immediate occupancy. Excellent customer parking, Ideal for dance, Pilates, fitness, wellness studio, photography, office users can also be accommodated for. Well established area with landlord's office on site. Call to arrange a tour!

  • Listed rate may not include certain utilities, building services and property expenses
  • Fully Built-Out as Standard Retail Space
  • Space is in Excellent Condition
  • 1st Floor, Ste 104L
  • 582 SF
  • Negotiable
  • $23.18 USD/SF/YR $1.93 USD/SF/MO $13,493 USD/YR $1,124 USD/MO
  • Modified Gross
Space Use
Retail
Build-Out
Full Build-Out
Availability
Now

Excellent opportunity for lower rent commercial space in Uptown Waterloo. All expenses included in gross rental rate, tenant to only pay for their own data, phone, suite cleaning, etc. Premises located in lower level of the building. Immediate occupancy. Excellent customer parking, Ideal for dance, Pilates, fitness, wellness studio, photography, office users can also be accommodated for. Well established area with landlord's office on site. Call to arrange a tour!

  • Listed rate may not include certain utilities, building services and property expenses
  • Fully Built-Out as Standard Retail Space
  • Space is in Excellent Condition
  • 1st Floor, Ste 108L
  • 994 SF
  • Negotiable
  • $23.21 USD/SF/YR $1.93 USD/SF/MO $23,073 USD/YR $1,923 USD/MO
  • Modified Gross
Space Use
Retail
Build-Out
Full Build-Out
Availability
Now

Excellent opportunity for lower rent commercial space in Uptown Waterloo. All expenses included in gross rental rate, tenant to only pay for their own data, phone, suite cleaning, etc. Premises located in lower level of the building. Immediate occupancy. Excellent customer parking, Ideal for dance, Pilates, fitness, wellness studio, photography, office users can also be accommodated for. Well established area with landlord's office on site. Call to arrange a tour!

  • Listed rate may not include certain utilities, building services and property expenses
  • Fully Built-Out as Standard Retail Space
  • Space is in Excellent Condition
Space Size Term Rental Rate Rent Type
1st Floor, Ste 102L 1,116 SF Negotiable $23.21 USD/SF/YR $1.93 USD/SF/MO $25,897 USD/YR $2,158 USD/MO Modified Gross
1st Floor, Ste 104L 582 SF Negotiable $23.18 USD/SF/YR $1.93 USD/SF/MO $13,493 USD/YR $1,124 USD/MO Modified Gross
1st Floor, Ste 108L 994 SF Negotiable $23.21 USD/SF/YR $1.93 USD/SF/MO $23,073 USD/YR $1,923 USD/MO Modified Gross

1st Floor, Ste 102L

Size
1,116 SF
Term
Negotiable
Rental Rate
$23.21 USD/SF/YR $1.93 USD/SF/MO $25,897 USD/YR $2,158 USD/MO
Rent Type
Modified Gross
Space Use
Retail
Build-Out
Full Build-Out
Availability
Now

Excellent opportunity for lower rent commercial space in Uptown Waterloo. All expenses included in gross rental rate, tenant to only pay for their own data, phone, suite cleaning, etc. Premises located in lower level of the building. Immediate occupancy. Excellent customer parking, Ideal for dance, Pilates, fitness, wellness studio, photography, office users can also be accommodated for. Well established area with landlord's office on site. Call to arrange a tour!

  • Listed rate may not include certain utilities, building services and property expenses
  • Fully Built-Out as Standard Retail Space
  • Space is in Excellent Condition

1st Floor, Ste 104L

Size
582 SF
Term
Negotiable
Rental Rate
$23.18 USD/SF/YR $1.93 USD/SF/MO $13,493 USD/YR $1,124 USD/MO
Rent Type
Modified Gross
Space Use
Retail
Build-Out
Full Build-Out
Availability
Now

Excellent opportunity for lower rent commercial space in Uptown Waterloo. All expenses included in gross rental rate, tenant to only pay for their own data, phone, suite cleaning, etc. Premises located in lower level of the building. Immediate occupancy. Excellent customer parking, Ideal for dance, Pilates, fitness, wellness studio, photography, office users can also be accommodated for. Well established area with landlord's office on site. Call to arrange a tour!

  • Listed rate may not include certain utilities, building services and property expenses
  • Fully Built-Out as Standard Retail Space
  • Space is in Excellent Condition

1st Floor, Ste 108L

Size
994 SF
Term
Negotiable
Rental Rate
$23.21 USD/SF/YR $1.93 USD/SF/MO $23,073 USD/YR $1,923 USD/MO
Rent Type
Modified Gross
Space Use
Retail
Build-Out
Full Build-Out
Availability
Now

Excellent opportunity for lower rent commercial space in Uptown Waterloo. All expenses included in gross rental rate, tenant to only pay for their own data, phone, suite cleaning, etc. Premises located in lower level of the building. Immediate occupancy. Excellent customer parking, Ideal for dance, Pilates, fitness, wellness studio, photography, office users can also be accommodated for. Well established area with landlord's office on site. Call to arrange a tour!

  • Listed rate may not include certain utilities, building services and property expenses
  • Fully Built-Out as Standard Retail Space
  • Space is in Excellent Condition

Rent Types


The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.

1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.

2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.

3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.

4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.

5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.

6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.

7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.

Select Tenants at 55 Erb St E, Waterloo, ON N2J 4K8

  • Tenant
  • Description
  • CAN Locations
  • Reach
  • Dana Shortt Gourmet and Gifts
  • Gourmet Market
  • 1
  • Local
  • Dr. Brunello-Prudencio Loreta
  • Health Care
  • 1
  • Local
  • Kitchener Dental Studio
  • Health Care
  • 1
  • Local
  • Now & Zen Holistic Health
  • -
  • 1
  • -
  • Runners' Choice
  • Retailer
  • 1
  • Local
  • Spurline Crossing Family Practice
  • -
  • 1
  • -
Tenant Description CAN Locations Reach
Dana Shortt Gourmet and Gifts Gourmet Market 1 Local
Dr. Brunello-Prudencio Loreta Health Care 1 Local
Kitchener Dental Studio Health Care 1 Local
Now & Zen Holistic Health - 1 -
Runners' Choice Retailer 1 Local
Spurline Crossing Family Practice - 1 -

Property Facts

Total Space Available 2,692 SF
Property Type Retail
Gross Leasable Area 34,577 SF
Year Built 1978
Parking Ratio 1.16/1,000 SF

About the Property

Positioned in the heart of Uptown Waterloo, 55 Erb Street East offers an exceptional opportunity within one of the region’s most vibrant and walkable urban nodes. Surrounded by a dynamic mix of retail, dining, office, and residential uses, the property benefits from strong pedestrian traffic and a highly amenitized environment. The location provides immediate access to public transit, including the ION LRT, and is just minutes from both the University of Waterloo and Wilfrid Laurier University, supporting a diverse and steady flow of students, professionals, and visitors. Its central positioning also allows for convenient connectivity throughout Waterloo Region and quick access to major routes including Highway 85. Uptown Waterloo continues to experience significant intensification and investment, making this a strategic location for both investors and businesses seeking long-term growth. With its prime address, excellent visibility, and proximity to key institutions and amenities, 55 Erb Street East represents a compelling opportunity in one of Waterloo’s most sought-after commercial corridors.

  • Pylon Sign
  • Signage
Very walkable
80/100
Exceptionally drivable
90/100
Good public transit
70/100
Very bikeable
80/100

Nearby Major Retailers

SPINCO
Starbucks
RBC Royal Bank
Scotiabank
National Bank
TD Canada Trust
BMO
CIBC
The WORKS Craft Burgers & Beer
Pür & Simple
  • Listing ID: 39886265

  • Date on Market: 3/24/2026

  • Last Updated:

  • Address: 55 Erb St E, Waterloo, ON N2J 4K8

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