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Home » Listings » 116 Erb Street W, Waterloo, Ontario N2L 1T5 (26875291)


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116 Erb Street W Waterloo, Ontario N2L 1T5

2000 sqft

$975,000

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? (id:46573)

Property Details

MLS® Number 40584319
Property Type Office
AmenitiesNearBy Public Transit, Schools
CommunicationType High Speed Internet
Features Southern Exposure, Paved Driveway
ParkingSpaceTotal 6

Building

BasementType Full
ConstructedDate 1904
ExteriorFinish Brick
FoundationType Stone
StoriesTotal 3
SizeExterior 2000.0000
SizeInterior 2000 Sqft
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit, Schools
Sewer Municipal Sewage System
SizeDepth 100 Ft
SizeFrontage 50 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription Rmu-20, C159

Utilities

Electricity Available
Natural Gas Available

https://www.realtor.ca/real-estate/26875291/116-erb-street-w-waterloo

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Mike Milovick
Broker

Jennifer Shingler
Salesperson