$1,798,000 FOR SALE

Land

Lot: 99.78 x 102.6 ftTotal Area: 12,346 ft2

110-116 Erb St W
Waterloo, ON N2L 1T5

Compelling Opportunity! Looking for an infill project/redevelopment site? Architectural Schematic report available for proposed 8 stacked townhomes! Or perhaps you seek live-work space with income and parking? Two buildings situated on three parcels in perhaps the most exciting area in Waterloo! This site truly has it all. Situated steps to Waterloo Park's LRT station (about 100 meters) and in front of the Barrel Works Development, this is THE most intriguing site in Waterloo on the market. Uptown Waterloo, with its shops and night life, Waterloo Park and Waterloo Rec Centre are quick walks away. Both universities are accessible by LRT - just a stop away! CIGI across the street. Perimeter Institute and Clay and Glass museum around the corner. 116 Erb is a mixed use building featuring commercial on main floor and a residential unit above. 110-114 Erb presents as a triplex and was previously rental licensed. Recent site improvements include new parking lot asphalt. Adjacent property owner has built significant retaining wall and has regraded the properties. Next owner can go to market rents immediately and can capitalize on perhaps the The Best Rental Market in Canada while warehousing the site for future development. This is a rare opportunity in the Uptown core. Why settle for a tertiary location when you can own The Best? Opportunity knocks - will you answer?

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Listed By ROYAL LEPAGE WOLLE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9344346
Last Updated Oct 02, 2024
Property Summary
Property Type Land

More like this:
Use Residential
Category Designated
PIN 223770092
Legal Description PT. LOTS 15 & 20 MUNICIPAL COMPILED PLAN OF SUBDIVISION OF PART LOT 14 GERMAN COMPANY TRACT, BEING PT. 1 ON 58R-16762 SUBJECT TO AN EASEMENT IN GROSS AS IN WR538706 CITY OF WATERLOO and LT 19 SUBDIVISION OF LT 14 GERMAN COMPANY TRACT CITY OF WATERLOO EXCEPT PT 6, EXPROP PL 439; S/T 1478618; WATERLOO and LT 18 SUBDIVISION OF LT 14 GERMAN COMPANY TRACT CITY OF WATERLOO EXCEPT PT 7, EXPROP PL 439; S/T 1478619; WATERLOO
Occupancy Vacant
Possession Date Immediate
Directions/Cross Streets Erb Street West and Menno Street, Steps to the Heart of Uptown Waterloo
Area Waterloo
Price History
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Detailed Information
Freestanding Y
Lot 99.78 x 102.6 ft
Lot Irregularities See Survey
Office/Apt Area 100 percent
Total Area 12,346 ft2
Air Conditioning N
Basement Y
Garage Type None
Heat Type Gas Forced Air Closd
Area Influences Rec Centre
Sprinklers N
Sewers San+Storm
Utilities Y
Water Municipal
UFFI No
Lot/Bldg/Unit Code Lot
Zoning RMU-20, C159
Seller Property Info Statement N

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