$899,000 FOR SALE

Office

Lot: 50 x 100 ft

116 Erb Street 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? (id:47423)

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Listed By Royal LePage Wolle Realty
Data Provided By Cornerstone - Waterloo Region
MLS® Listing Number 40644515
Last Updated Oct 02, 2024
Property Summary
Property Type Office

More like this:
Subdivision 415 - Uptown Waterloo/Westmount
Price History
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Detailed Information
Lot 50 x 100 ft
Amenities Nearby Public Transit, Schools
Communication Type High Speed Internet
Features Southern exposure, Paved driveway
Listing Contract Date 2024-09-11
Location Description Located on the North Side of Erb Street West, between Avondale and Father David Bauer Drive.
Ownership Type Freehold
# of Parking Spaces 6
Property Type Office
Transaction Type For sale
Zoning Description RMU-20, C159
Building
Basement Type Full
Constructed Date 1904
Exterior Finish Brick
Foundation Type Stone
Stories Total 2.5
Size (Exterior) 2000
Utility Water Municipal water
Utilities
Type Description
ElectricityAvailable
Natural GasAvailable
Land
Total Size under 1/2 acre
Amenities Public Transit, Schools
Sewer Municipal sewage system

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