Waterloo, ON N2L 1T5,114 Erb ST W
Waterloo, ON N2L 1T5,114 Erb ST W
Waterloo, ON N2L 1T5,114 Erb ST W
Waterloo, ON N2L 1T5,114 Erb ST W
Waterloo, ON N2L 1T5,114 Erb ST W
Waterloo, ON N2L 1T5,114 Erb ST W
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$850,000

$899,000

5.5%
Est.Price: ?

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Est. payment /mo

8 Beds

3 Baths


SOLD DATE : 01/31/2025

Key Details

Sold Price $850,000

Property Type Multi-Family

Sub Type Triplex

Listing Status Sold

Purchase Type For Sale

Approx. Sqft 1500-2000

MLS Listing ID X9344339

Sold Date 01/31/25

Style 2 1/2 Storey

Bedrooms 8

Building Age 100+

Annual Tax Amount $6,515

Tax Year 2024

Property Sub-Type Triplex

Property Description

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?

Location

Province ON

County Waterloo

Area Waterloo

Zoning RMU20, C159

Rooms

Family Room No

Basement Finished

Kitchen 3

Separate Den/Office 2

Interior

Interior Features Water Heater, Water Meter, Carpet Free

Cooling None

Exterior

Parking Features Private

Pool None

View Downtown

Roof Type Asphalt Shingle

Lot Frontage 49.7

Lot Depth 102.6

Total Parking Spaces 9

Building

Foundation Stone

Others

ParcelsYN No

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Listed by ROYAL LEPAGE WOLLE REALTY
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118 Merchants Wharf Unit 302, Toronto, Ontario, M5A0L3, CAN

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