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110-116 Erb Street W, Waterloo, ON, N2L 1T5

MLS® # 40644538
Vacant Land For Sale In Central, Waterloo, Ontario
$1,850,000
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
110-116 Erb Street W, Waterloo, ON
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110-116 Erb Street W, Waterloo, ON, N2L 1T5
$1,850,000

Property Information:

Compelling Opportunity! Looking for an infill project/redevelopment site? Architectural Schematic report available for proposed 8 stacked townhomes! Or perhaps you seek live-work space with income and parking? Two buildings situated on three parcels in perhaps the most exciting area in Waterloo! This site truly has it all. 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 quick walks 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. 116 Erb is a mixed use building featuring commercial on main floor and a residential unit above. 110-114 Erb presents as a triplex and was previously rental licensed. Recent site improvements include new parking lot asphalt. Adjacent property owner has built significant retaining wall and has regraded the properties. Next owner can go to market rents immediately and can capitalize on perhaps the The Best Rental Market in Canada while warehousing the site for future development. This is a rare opportunity in the Uptown core. Why settle for a tertiary location when you can own The Best? Opportunity knocks - will you answer?

Exclusions : None

Property Features:

  • Acres Range: < 0.5
  • Fencing: Fence - Partial
  • Lot Depth: 102.6 Feet
  • Lot Features: Urban, Irregular Lot, City Lot, Public Transit, Schools
  • Lot Frontage: 124.65 Feet
  • Utilities: At Lot Line-Municipal Water, Cable Connected, Cell Service, Electricity Connected, Natural Gas Connected
  • Water Source: Municipal-Metered
  • Zoning: RMU-20, C159
  • Sewer: Sewer (Municipal)

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 110-116 Erb Street W, Waterloo, ON, N2L 1T5

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

51/100

Moderate

ClimateCheck®

Current data

This property, 110-116 Erb Street W, experiences 7 hot days per year at around 30.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past
30.6℃
2050
34.2℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 110-116 Erb Street W, experiences 11 significant 2-day storms per year, with about 319.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 396.3mm of precipitation per year.

Precipitation Per Storm

Past
319.6mm
2050
396.3mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 110-116 Erb Street W, Waterloo, ON, N2L 1T5

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$152,407.94

Average Number of Children

1.55

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

5.19 %

High school certificate or equivalent

22.77 %

Apprenticeship trade certificate/diploma

2.05 %

College/non-university certificate

17.72 %

University certificate (below bachelor)

1.96 %

University Degree

50.31 %

Commuter

Travel To Work

By Car

65.28 %

By Public Transit

13.4 %

By Walking

15.72 %

By Bicycle

1.99 %

By Other Methods

3.61 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

73.97 %

Houses

26.03 %

Own Vs. Rent

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