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114 Erb Street W Waterloo, Ontario N2L 1T5

8 Bedroom 3 Bathroom 2727
None Forced Air

$999,900

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:49454)

Property Details

MLS® Number 40584318
Property Type Multi-family
Amenities Near By Place Of Worship, Public Transit, Schools, Shopping
Community Features Community Centre, School Bus
Features Southern Exposure, Paved Driveway, Laundry- Coin Operated
Parking Space Total 9

Building

Bathroom Total 3
Bedrooms Total 8
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1904
Cooling Type None
Exterior Finish Brick
Fire Protection None
Foundation Type Stone
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 3
Size Interior 2727
Type Triplex
Utility Water Municipal Water

Land

Acreage No
Fence Type Partially Fenced
Land Amenities Place Of Worship, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 103 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rmu-20, C159

https://www.realtor.ca/real-estate/26875292/114-erb-street-w-waterloo