114 ERB West Street, Waterloo, Ontario N2L1T5

  • $999,900
114 ERB West Street, Waterloo, Ontario N2L1T5
For Sale
114 ERB West Street, Waterloo, Ontario N2L1T5
  • $999,900

Overview

Property ID: 2564038
  • Multi-family
  • Property Type
  • 8
  • Bedrooms
  • 3
  • Bathrooms
  • 9
  • Garages
  • 2727.0
  • 1904
  • Year Built

Description

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. Ten, 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:56724)

Details

Updated on May 17, 2024 at 7:15 am
  • Property ID: 2564038
  • Price: $999,900
  • Property Size: 2727.0
  • Bedrooms: 8
  • Bathrooms: 3
  • Garages: 9
  • Year Built: 1904
  • Property Type: Multi-family
  • Property Status: For Sale
  • MLS#: 40584318
  • MLS Status: Active

Additional details

  • Sewer: Municipal sewage system
  • Cooling: None
  • Heating: Forced air,Natural gas
  • Stories: 2.5
  • Basement: Finished,Full
  • Directions: Located on the North Side of Erb Street, between Avondale and Father David Bauer Drive.
  • Lot Features: Southern exposure,Paved driveway,Laundry- Coin operated
  • Water Source: Municipal water
  • Parking Total: 9
  • Structure Type: Triplex
  • Common Interest: Freehold
  • Tax Annual Amount: 6165.38
  • Security Features: None
  • Community Features: School Bus,Community Centre
  • Foundation Details: Stone
  • Zoning Description: RMU-20, C159
  • Number Of Units Total: 3
  • Address 114 ERB Street W
  • City Waterloo
  • Province Ontario
  • Postal Code N2L1T5
  • Area 415 - Uptown Waterloo/Westmount
  • Country Canada

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