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$1,798,000
Available - For Sale
Listing ID: X9344346
Compelling Opportunity! Looking for an infill project/redevelopment site? Architectural Schematic report available for proposed 8 stacked townhomes! Or perhaps you seek live-work space with income and parking? Two buildings situated on three parcels in perhaps the most exciting area in Waterloo! This site truly has it all. 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 quick walks 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. 116 Erb is a mixed use building featuring commercial on main floor and a residential unit above. 110-114 Erb presents as a triplex and was previously rental licensed. Recent site improvements include new parking lot asphalt. Adjacent property owner has built significant retaining wall and has regraded the properties. Next owner can go to market rents immediately and can capitalize on perhaps the The Best Rental Market in Canada while warehousing the site for future development. This is a rare opportunity in the Uptown core. Why settle for a tertiary location when you can own The Best? Opportunity knocks - will you answer?
Price $1,798,000
Taxes: $0
Tax Type: Annual
Assessment: $0
Assessment Year: 2024
Occupancy by: Vacant
Address: 110-116 Erb St West , Waterloo, N2L 1T5, Ontario
Postal Code: N2L 1T5
Province/State: Ontario
Legal Description: PT. LOTS 15 & 20 MUNICIPAL COMPILED PLAN
Lot Size: 99.78 x 102.6 (Feet)
Directions/Cross Streets: Erb Street West and Menno Street, Steps to the Heart of Uptown Waterloo
Zoning: RMU-20, C159
Category: Designated
Use: Residential
Building Percentage: Y
Total Area: 12,346
Total Area Code:  Sq Ft
Office/Appartment Area: 100
Office/Appartment Area Code: %
Area Influences: Rec Centre  
Sprinklers: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: N
Sewers: San+Storm
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE WOLLE REALTY

110-116 Erb St West , Waterloo, N2L 1T5, Ontario


 
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Type: Com - Land
Area: Waterloo
Municipality: Waterloo
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Lot Size: 99.78 x 102.60(Feet)
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