$899,000 FOR SALE

Office

Lot: 50.08 x 100.05 ftTotal Area: 2,034 ft2
2024 Taxes: $9,492.76

116 Erb St W
Waterloo, ON N2L 1T5

Live-work space in the most exciting area in Waterloo near all the locales that make Waterloo Great! 900 square feet of main floor office space plus four a bedroom, upper level apartment. Additional space in finished basement. Thousands recently spent on exterior improvements including new asphalt and retaining wall. Six lined, parking spots at this location. Parking is scarce in Uptown. Additional parking spots can be rented to Barrelworks tenants or Seagram Loft residents. Due to proximity to all amenities, AIRBNB of the upper unit could also be a very lucrative option. From a traditional rental perspective, next owner can go to market rents immediately and profit from perhaps one of the best rental market in Canada. Combining 116 Erb with 114 Erb Street (triplex) makes the site even more compelling and may unlock development opportunity. 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 a quick walk 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. Superior, high profile location. Big Time Opportunities like this are Rare. Do you have the vision to maximize this site?

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Listed By ROYAL LEPAGE WOLLE REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9344341
Last Updated Oct 02, 2024
Property Summary
Property Type Office

More like this:
Use Professional Office
Category Office
PIN 223770092
Legal Description 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
Taxes (2024) $9,492.76
Tax Type Annual
Assessment (2024) $435,000
Directions/Cross Streets AVONDALE/ERB, FATHER DAVID BAUER/ERB
Area Waterloo
Price History
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Detailed Information
Freestanding Y
Lot 50.08 x 100.05 ft
Office/Apt Area 889 ft2
Total Area 2,034 ft2
Approximate Age 100+
Elevator None
Air Conditioning N
Garage Type None
Heat Type Gas Forced Air Closd
Area Influences Public Transit, Rec Centre
Sprinklers N
Sewers Sanitary
Utilities Y
Water Municipal
Survey Y
Lot/Bldg/Unit Code Lot
Zoning RMU-20, C159
Seller Property Info Statement N

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