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$899,000
Available - For Sale
Listing ID: X9344341
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?
Price $899,000
Taxes: $9,492.76
Tax Type: Annual
Assessment: $435000
Assessment Year: 2024
Occupancy by: Vacant
Address: 116 Erb St West , Waterloo, N2L 1T5, Ontario
Postal Code: N2L 1T5
Province/State: Ontario
Legal Description: LT 18 SUBDIVISION OF LT 14 GERMAN COMPAN
Lot Size: 50.08 x 100.05 (Feet)
Directions/Cross Streets: AVONDALE/ERB, FATHER DAVID BAUER/ERB
Zoning: RMU-20, C159
Category: Office
Use: Professional Office
Building Percentage: Y
Total Area: 2,034
Total Area Code:  Sq Ft
Office/Appartment Area: 889
Office/Appartment Area Code: Sq Ft
Area Influences: Public Transit   Rec Centre
Approximatly Age: 100+
Sprinklers: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: N
Elevator Lift: None
Sewers: Sanitary
Water: Municipal
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ROYAL LEPAGE WOLLE REALTY

116 Erb St West , Waterloo, N2L 1T5, Ontario


 
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Type: Com - Office
Area: Waterloo
Municipality: Waterloo
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Lot Size: 50.08 x 100.05(Feet)
Approximate Age: 100+
Tax: $9,492.76
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