$899,000
FOR SALE

Triplex

Bedrooms: 8Bathrooms: 3Lot: 50 x 103 ft

114 Erb Street W
Waterloo, ON N2L 1T5

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:47421)
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Listed By Royal LePage Wolle Realty
Data Provided By Cornerstone - Waterloo Region
MLS® Listing Number 40644499
Last Updated Oct 02, 2024
Property Summary
Property Type Triplex

More like this:
Subdivision 415 - Uptown Waterloo/Westmount
Price History

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Detailed Information
Bedrooms 8
Bathrooms 3
Lot 50 x 103 ft
Amenities Nearby Place of Worship, Public Transit, Schools, Shopping
Community Features Community Centre, School Bus
Features Southern exposure, Paved driveway, Laundry- Coin operated
Listing Contract Date 2024-09-11
Location Description Located on the North Side of Erb Street, between Avondale and Father David Bauer Drive.
Ownership Type Freehold
# of Parking Spaces 9
Property Type Multi-family
Transaction Type For sale
Zoning Description RMU-20, C159
Building
Basement Development Finished
Basement Type Full (Finished)
Constructed Date 1904
Cooling Type None
Exterior Finish Brick
Foundation Type Stone
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 2.5
Type Triplex
Utility Water Municipal water
Land
Total Size under 1/2 acre
Amenities Place of Worship, Public Transit, Schools, Shopping
Fence Type Partially fenced
Sewer Municipal sewage system

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