116 Erb Street West , Waterloo ON N2L 1T5

Sale $999,900  | 
Listing # 40524480
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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:

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?

Commercial

Lot Frontage: 50.08 Feet
Lot Depth: 100.05 Feet
No. of Parking Spaces: 5
Built in: 1904
Bedrooms: 12
Zoning: RMU-20, C159

Property Features:

Basement: Full
Interior Features: High Speed Internet
Acres Range: < 0.5
Lot Features: Irregular Lot , City Lot , Public Transit , Schools
Parking Features: Asphalt
Sewer: Sewer (Municipal)
Utilities: Electricity Connected , Natural Gas Connected
Water Source: Municipal