$487.50 Per Sq Foot $5,234 est/mo Sourced by Back At You

116 Erb Street W,Waterloo, ON N2L 1T5

Waterloo ON, N2L 1T5

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Description

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?

Details

MLS#40584319
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1904
Days On Site72
Listing Provided ByRoyal LePage Wolle Realty | Mike Milovick

Features

Bed(s)12
SQ Feet2,000
BasementY
Story(s)2
Units5
ZoningRMU-20, C159
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 55 seconds ago
ProvinceON
CountyWaterloo
CityWaterloo
Postal CodeN2L 1T5
Area4 Waterloo West
Subarea415 Uptown Waterloo | Westmount
Community Name415 Uptown Waterloo/Westmount
Listing VS Median (in 415 Uptown Waterloo/Westmount)
Price:
$975,000
low | high
Med:
$649,999
83.333435897436% of Average
SqFt:
2,000
low | high
Med:
907
100% of Average
$ / SqFt:
$488
low | high
Med:
$717
2.995448505923% of Average
On Site:
72
low | high
Med:
66.000000
100% of Average
Sourced by Back At You
Listing Updated: July 4, 2024 at 6:06:01 PM PDT