114 Erb Street W Waterloo, Ontario N2L 1T5
$899,000
This is an extremely well-situated triplex with proximity to all the locales that make Waterloo great: situated steps to Waterloo Park's LRT station, in front of the Barrel Works Development and a quick walk to night life, cafes, Waterloo Park and Waterloo Rec Centre. CIGI across the street. Perimeter Institute and Clay and Glass museum around the corner. Interior updates include vinyl plank flooring. Thousands recently spent on exterior improvements including new asphalt and retaining wall. Nine, lined, parking spots. Additional parking spots can be rented to Barrelworks tenants or Seagram Loft residents. Due to proximity to all amenities, AIRBNB could also be a very lucrative option. From a traditional rental perspective, next owner can go to market rents immediately and capitalize on perhaps the The Best Rental Market in Canada. This could also be a rare opportunity to live in Uptown with the possibility of enjoying mortgage helper income from two other units! Note 116 Erb Street West, also available, can be added to your purchase for a mixed use application: office main unit, four bedroom residential on upper levels. Combining 116 Erb (mixed office/residential) with 114 Erb Street makes the site even more compelling and may unlock development opportunity. Why settle for a tertiary location when you can own The Best? Opportunity knocks - will you answer? (id:53282)
Property Details
| MLS® Number | 40644499 |
| Property Type | Multi-family |
| AmenitiesNearBy | Place Of Worship, Public Transit, Schools, Shopping |
| CommunityFeatures | Community Centre, School Bus |
| Features | Southern Exposure, Paved Driveway, Laundry- Coin Operated |
| ParkingSpaceTotal | 9 |
Building
| BathroomTotal | 3 |
| BedroomsTotal | 8 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ConstructedDate | 1904 |
| CoolingType | None |
| ExteriorFinish | Brick |
| FoundationType | Stone |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 3 |
| SizeInterior | 2727 Sqft |
| Type | Triplex |
| UtilityWater | Municipal Water |
Land
| Acreage | No |
| FenceType | Partially Fenced |
| LandAmenities | Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| SizeDepth | 103 Ft |
| SizeFrontage | 50 Ft |
| SizeTotalText | Under 1/2 Acre |
| ZoningDescription | Rmu-20, C159 |
https://www.realtor.ca/real-estate/27397253/114-erb-street-w-waterloo
Interested?
Contact us for more information
Mike Milovick
Broker
71 Weber Street E., Unit B
Kitchener, Ontario N2H 1C6
Jennifer Shingler
Salesperson
180 Northfield Drive W., Unit 7a
Waterloo, Ontario N2L 0C7
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October 02 2024 01:29:47
Royal LePage Wolle Realty