Matthew Tenk
Broker of Record
116 Erb Street W Waterloo, Ontario N2L 1T5
$899,000
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:39551)
Property Details
| MLS® Number | 40644515 |
| Property Type | Office |
| Amenities Near By | Public Transit, Schools |
| Communication Type | High Speed Internet |
| Features | Southern Exposure, Paved Driveway |
| Parking Space Total | 6 |
Building
| Basement Type | Full |
| Constructed Date | 1904 |
| Exterior Finish | Brick |
| Fireplace Present | No |
| Foundation Type | Stone |
| Stories Total | 3 |
| Size Exterior | 2000.0000 |
| Size Interior | 2000 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 100 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rmu-20, C159 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
https://www.realtor.ca/real-estate/27397252/116-erb-street-w-waterloo
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Kitchener-Waterloo Association of REALTORS®
Royal LePage Wolle Realty
November 06 2024 02:01:26
