110-116 Erb Street West , Waterloo ON N2L 1T5

Sale $2,298,000  | 
Listing # 40477963
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Mike Milovick

Team Milovick

Phone:  519.747.2040
Fax:  519.747.2081

Royal LePage Wolle Realty, Brokerage (Independently owned and operated)

Brokerage

7 - 180 NORTHFIELD DR WEST
WATERLOO,  ON N2L 0C7

Remarks:

Compelling Opportunity! Two buildings situated on three lots in perhaps the most exciting area in Waterloo! Looking for live-work space with income and parking? Or perhaps an infill project/redevelopment site? 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 nightlight, 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. This building could be ideal as live-work space - in a very convenient, very high-profile area. Recent improvement includes new asphalt in parking lot and re-grading. 110-114 Erb presents as a triplex and was previously rental licensed. Next owner can go to market rents immediately and can capitalize on perhaps the The Best Rental Market in Canada. 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?
Inclusions:  Smoke Detector,None
Exclusions:  None

Investment

Lot Frontage: 124.65 Feet
Lot Depth: 102.6 Feet
No. of Parking Spaces: 16
Floor Space (approx): 3375 Square Feet
Built in: 1904
Bedrooms: 12
Zoning: RMU-20, C159

Property Features:

Basement: Walk-Out Access , Full , Finished
Cooling: None
Fencing: Fence - Partial
Heating: Forced Air , Natural Gas
Interior Features: Accessory Apartment
Acres Range: < 0.5
Driveway Parking: Outside/Surface/Open , Private Drive Single Wide
Laundry Features: Coin Operated , Common Area
Lot Features: Irregular Lot , City Lot , Library , Place of Worship , Public Transit , Rec./Community Centre , School Bus Route , Schools , Shopping Nearby
Parking Features: Asphalt
Roof: Asphalt Shing
Security Features: Smoke Detector
Sewer: Sewer (Municipal)
Water Source: Municipal