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114 Erb St W

Erb St WDowntown WaterlooWaterlooON, N2L 1T5

9
Beds
3
Baths
2,727
Sq. Ft.
$899,000
List Price
114 Erb St W, Waterloo, ON - 1 of 3
114 Erb St W, Waterloo, ON - 2 of 3
114 Erb St W, Waterloo, ON - 3 of 3
71 days on market

Quick Summary

  • Extremely well-situated triplex near Waterloo Park's LRT
  • Front of Barrel Works Development, close to nightlife
  • Quick walk to Waterloo Park and Rec Centre
  • CIGI across the street, Perimeter Institute nearby
  • Recently updated exterior with new asphalt, retaining wall
  • Nine lined parking spots, additional rentable spots
  • Potential for lucrative Airbnb or traditional rental
  • Opportunity to live in Uptown with rental income

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... Show More

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:54626)

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Property Details

Size

2,727 sq. ft.
across 2 floors
9 Beds
3 Baths
3 Full

Parking

9 Parking Spaces
-

Lot

Size
600′0″ * 1236′0″
Acres
-

Build

Year Built
1904
Model Name
-
Basement
Finished
Exterior
Brick
Foundation
Stone
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40644499
Last Updated
November 6, 2024
Brokerage
Royal LePage Wolle Realty
Powered by: REALTOR.ca
Call us 800-591-0566

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