$899,000 FOR SALE

Triplex 2 1/2 Storey

Bedrooms: 6+2Bathrooms: 3Lot: 49.7 x 102.6 ft
2024 Taxes: $6,515.22

114 Erb St 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?

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Listed By ROYAL LEPAGE WOLLE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9344339
Last Updated Oct 02, 2024
Property Summary
Property Type Triplex

More like this:
PIN 223770093
Legal Description LT 19 SUBDIVISION OF LT 14 GERMAN COMPANY TRACT CITY OF WATERLOO EXCEPT PT 6, EXPROP PL 439; S/T 1478618; WATERLOO and 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
Parcel of Tied Land N
Possession Date Immediate
Taxes (2024) $6,515.22
Assessment (2024) $512,000
Directions/Cross Streets Barrel Yards/Menno
Area Waterloo
Price History
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Detailed Information
Fronting On N
Special Designations Unknown
Bedrooms 6+2
Bathrooms 3
Rooms 14+7
Kitchens 2+1
Lot 49.7 x 102.6 ft
Acreage <.50
Approximate Square Footage 1500-2000
Approximate Age 100+
Exterior Brick
Elevator N
Air Conditioning None
Family Room N
Fireplace/Stove N
Pool None
Laundry Level Lower
Basement Finished
Drive Private
Garage Spaces 0.0
Garage Type None
Total Parking Spaces 9.0
Retirement N
Heat Source Gas
Heat Type Forced Air
Sewers Sewers
Utilities-Hydro Y
Utilities-Gas Y
Utilities-Cable A
Utilities-Telephone A
Water Municipal
UFFI No
Zoning RMU20, C159
Seller Property Info Statement N
Rooms
Room Level Dimensions Notes
BrMain3.71 m x 3.65 m (12.17 ft x 11.98 ft)
BrMain4.24 m x 3.42 m (13.91 ft x 11.22 ft)
DenMain3.35 m x 2.34 m (10.99 ft x 7.68 ft)
Br2nd2.86 m x 3.43 m (9.38 ft x 11.25 ft)
Br2nd2.86 m x 3.52 m (9.38 ft x 11.55 ft)
Living2nd2.91 m x 4.44 m (9.55 ft x 14.57 ft)
Br3rd4.53 m x 2.7 m (14.86 ft x 8.86 ft)
Br3rd4.53 m x 4.66 m (14.86 ft x 15.29 ft)
BrBsmt3.52 m x 3.28 m (11.55 ft x 10.76 ft)
BrBsmt3.52 m x 2.57 m (11.55 ft x 8.43 ft)
BathroomBsmt1.94 m x 2.5 m (6.36 ft x 8.2 ft)3 Pc Bath
BathroomMain3.28 m x 1.46 m (10.76 ft x 4.79 ft)3 Pc Bath
Bathrooms
Pieces Level
3Bsmt
3Main
32nd

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