This is an extremely well-situated triplex with proximity to all the locales that make Waterloo great: situated steps to Waterloo Park's LRT station, in front of the Barrel Works Development and a quick walk to night life, cafes, Waterloo Park and Waterloo Rec Centre. CIGI across the street. Perimeter Institute and Clay and Glass museum around the corner. Interior updates include vinyl plank flooring. Thousands recently spent on exterior improvements including new asphalt and retaining wall. Nine, lined, parking spots. Additional parking spots can be rented to Barrelworks tenants or Seagram Loft residents. Due to proximity to all amenities, AIRBNB could also be a very lucrative option. From a traditional rental perspective, next owner can go to market rents immediately and capitalize on perhaps the The Best Rental Market in Canada. This could also be a rare opportunity to live in Uptown with the possibility of enjoying mortgage helper income from two other units! Note 116 Erb Street West, also available, can be added to your purchase for a mixed use application: office main unit, four bedroom residential on upper levels. Combining 116 Erb (mixed office/residential) with 114 Erb Street makes the site even more compelling and may unlock development opportunity. Why settle for a tertiary location when you can own The Best? Opportunity knocks - will you answer?
Property Type:
Residential Income
Property SubType:
Multi-3 Unit
Year built:
1904
(Age: 120)
Listing General Location:
415 - Uptown Waterloo/Westmount, 4 - Waterloo West
Bedrooms:
9
Bathrooms:
3.0
(Full:-/Half:-)
Lot Details:
102.6 x 49.7
Lot Depth:
102'7"31.3 m
Lot Frontage:
49'8"15.1 m
Frontage Type:
North
Kitchens:
0
County Or Parish:
Waterloo
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Construction:
Brick
Basement:
Walk-Out Access, Full, Finished
Foundation:
Stone
Roof:
Asphalt Shing
Number of Storeys:
2
Number of Buildings:
0
Total Floor Area:
2,727 sq. ft.253 m2
Finished Area Above Grade:
1,963 sq. ft.182 m2
Finished Area Below Grade:
764 sq. ft.71 m2
Fireplace:
false
Laundry Features:
Coin Operated, Common Area
Water Supply:
Municipal
Water Meter:
Yes
Sewer:
Sewer (Municipal)
Cooling:
None
Heating:
Forced Air, Natural Gas
None
Refrigerator, Stove
Accessory Apartment
false
No
Located on the North Side of Erb Street, between Avondale and Father David Bauer Drive.
Easement, Right-of-Way
No
HST Applicable To Sale Price:
No
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Electric Expense:
$1,970
Insurance Expense:
$1,870
Expenses:
Actual
Heating Expense:
$1,520
Laundry Income:
$950
Net Income:
$42,297
Lease to Own Equipment:
None
Leases:
No
Zoning:
RMU-20, C159
Total Acres:
7276
Fencing:
Fence - Partial
Exposure / Faces:
North, East, South, West
Lot Site Features:
Irregular Lot, City Lot, Library, Place of Worship, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby
Features:
Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
Data was last updated November 22, 2024 at 11:50 AM (UTC)
Area Statistics
Listings on market:
10
Avg list price:
$1,099,950
Min list price:
$800,000
Max list price:
$3,999,000
Avg days on market:
69
Min days on market:
11
Max days on market:
107
Avg price per sq.ft.:
$497.84
These statistics are generated based on the current listing's property type
and located in
4 - Waterloo West. Average values are
derived using median calculations.