$ 899,000
114 Erb ST W Waterloo, ON N2L 1T5
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$ 899,000
Est. payment | /mo
6 Beds
3 Baths
$ 899,000
Est. payment | /mo
6 Beds
3 Baths
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Pending
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X9344339
Style 2 1/2 Storey
Bedrooms 6
Annual Tax Amount $6,515
Tax Year 2024
Property Description
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?
Location
Province ON
County Waterloo
Rooms
Family Room No
Basement Finished
Kitchen 3
Separate Den/Office 2
Interior
Interior Features Water Heater, Water Meter, Carpet Free
Cooling None
Fireplace No
Heat Source Gas
Exterior
Garage Private
Pool None
Waterfront No
View Downtown
Roof Type Asphalt Shingle
Topography Flat
Total Parking Spaces 9
Building
Foundation Stone
Listed by ROYAL LEPAGE WOLLE REALTY