The oldest part of 14 Erb Street West in UpTown Waterloo was built around 1886 as an early office for Ontario Mutual Life Assurance Company.
Molson’s Bank also shared this building.
In 1912 Dominion Life Assurance Company moved into the building.
The building was later used by the Canada Health and Accident Assurance Company and by Waterloo’s first insurance company – Waterloo Mutual Fire Insurance Company.
In 1991, he building underwent extensive renovations and became a division of the Waterloo Regional Police Department.
The building is a designated landmark for the City of Waterloo. The building’s facades are designated under the Ontario Heritage Act for architectural and cultural purposes. To alter the heritage aspects or demolish the building would require city approval.
Mike and Ophelia Lazaridis (Blackberry) are hoping to bring a luxury, boutique hotel to uptown Waterloo. Ophelia Lazaridis purchased the old Waterloo police station at 14 Erb Street West and is exploring the construction of a new luxury boutique hotel on that site.
Region of Waterloo councillors approved the sale for $3.1 million on Wednesday. It is expected to be finalized in June when the buyers have completed investigations of the property.
In 2006, a Waterloo uptown vision committee said a top-of-the-line hotel with conference space was a must. “A high-quality hotel would be a great amenity for the uptown,” its report said. “We cannot afford to accept a lower-quality hotel just to get it built sooner.”