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116 W Erb Street
415 - Uptown Waterloo/Westmount Waterloo N2L 1T5

$899,000
Commercial Sale

Main Photo: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 1: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 2: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 3: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 4: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 5: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 6: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 7: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 8: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 9: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 10: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 11: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 12: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 13: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 14: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 15: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 16: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 17: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 18: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 19: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 20: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 21: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 22: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 23: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 24: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 25: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 26: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 27: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 28: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 29: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 30: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 31: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 32: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 33: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 34: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 35: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 36: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 37: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 38: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 39: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 40: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 41: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 42: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 43: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 44: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 45: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 46: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 47: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 48: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Photo 49: 116 W Erb Street in Waterloo: 415 - Uptown Waterloo/Westmount Mixed for sale (4 - Waterloo West)  : MLS®# 40644515
Status:
Pending
Prop. Type:
Commercial Sale
MLS® Num:
40644515
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?
Property Type:
Commercial Sale
Property SubType:
Mixed, Building and Land
Year built:
1904 (Age: 120)
Listing General Location:
415 - Uptown Waterloo/Westmount, 4 - Waterloo West
Bedrooms:
12
Bathrooms:
- (Full:-/Half:-)
Lot Details:
100.05 x 50.08
Lot Depth:
100'1"
Lot Frontage:
50'1"
Frontage Type:
North
Kitchens:
0
County Or Parish:
Waterloo
Taxes:
Features:
Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Construction:
Brick
Basement:
Full
Foundation:
Stone
Number of Storeys:
2
Total Floor Area:
2,000 sq. ft.
Office/Apt Area:
1,100 sq. ft.
Retail Area:
900 sq. ft.
Fireplace:
false
Water Supply:
Municipal
Sewer:
Sewer (Municipal)
Refrigerator, Stove
None
High Speed Internet
false
No
Located on the North Side of Erb Street West, between Avondale and Father David Bauer Drive.
Easement, Right-of-Way
No
Survey Year:
2004
Association Fee:
Association Fee Frequency:
Association Fee 2:
Association Fee 2 Frequency:
Administrative Fee:
Features:
Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Road Access Fee:
Electric Expense:
$1,581
Insurance Expense:
$1,915
Expenses:
Actual
Heating Expense:
$1,267
Net Income:
$37,020
Zoning:
RMU-20, C159
Total Acres:
5070
Utilities:
Electricity Connected, Natural Gas Connected
Exposure / Faces:
North, East, South, West
Lot Site Features:
Irregular Lot, City Lot, Public Transit, Schools
Features:
Attached Garage: No, Crops Included: No, Garage: No, Common Elements Fee: No, New Construction: No
Parking:
Asphalt
# Of Total Parking Spaces:
6.0
Parking # On Site:
6
# Commercial Doors:
0
Num Apartment Units:
0
Num Bachelor Units:
0
Num Efficiency Units:
0
Num Loft Units:
0
Num Office Units:
1
Num Other Units:
1
Num Penthouse Units:
0
Num Residential Units:
1
Num Studio Units:
0
Total Units:
Listed Date:
Sep 11, 2024
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Listed by Royal LePage Wolle Realty
Data was last updated November 25, 2024 at 07:50 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$1,795,000
Min list price:
$590,000
Max list price:
$3,999,000
Avg days on market:
38
Min days on market:
12
Max days on market:
93
Avg price per sq.ft.:
$671.37
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.