For Sale

$999,900

199 Erb St W Street, Waterloo, ON N2L 1V6

Remarks

Welcome to 199 Erb Street West! This two unit home with City Approved rental licenses (D2 and A3) beckons for your immediate attention! Lot size and zoning may allow for future development. Bill 23 may provide additional ability for increased density. Situated across from The Carrick development, an easy walk to Waterloo Park and Waterloo Recreation Center, both universities as well as mosque (150 meters), and within 800 meters to Waterloo Park LRT stop and Uptown Waterloo. Note extreme proximity to Westmount Place Mall - and T&T Supermarket. This is truly an ideal location. Note new vinyl plank in upper and main units as well as new broadloom in main floor bedrooms. New light fixtures. Spacious units. Coin operated laundry. Abundance of paved parking at rear of property. Most windows in the home have been updated. Extensive deck. ESA inspection done for rental licensing. Separate electrical meters for each unit as well as laundry. Note two independent heating and air conditioning systems. Water set up to be easily sub-metered. Drywalled doorway in dining area can be removed to allow for free flowing home. Well documented building: life safety systems (smoke detectors, emergency lighting and fire extinguishers) and HVAC certificates available. This property will work well for investor looking for turn key income (buyer can go to market rents immediately), owner seeking mortgage helper income/home for multigenerational family or smart developer looking to warehouse RMU-20 zoned land for the future development. Opportunity knock$.

Property Summary

  • Lot Frontage: 65.13 Feet
  • Lot Depth: 131.19 Feet
  • Zoning: RMU-20

Property Features:

  • Interior Features:
    High Speed Internet
  • Acres Range:
    < 0.5
  • Lot Features:
    Urban , Irregular Lot , Arts Centre , Business Centre , High Traffic Area , Place of Worship , Public Transit , Schools
  • Road Frontage Type:
    Municipal Road
  • Road Surface Type:
    Paved
  • Sewer:
    Sewer (Municipal)
  • Utilities:
    Cable Connected , Cable Available , Electricity Connected , Natural Gas Connected
  • Water Source:
    Municipal
Lifestyle
Neighbourhood Info

Get More Info

Book a tour