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114 Erb Street W, Waterloo, ON, N2L 1T5

MLS® # 40644499
Investment For Sale In Central, Waterloo, Ontario
$899,000
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
Virtual Tour
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
114 Erb Street W, Waterloo, ON
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ACTIVE
114 Erb Street W, Waterloo, ON, N2L 1T5
$899,000

Property Information:

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?

Inclusions: None

Building Features:

  • Floor Space: 1963 Square Feet

Property Features:

  • Bedrooms: 9
  • Acres Range: < 0.5
  • Basement: Walk-Out Access, Full, Finished
  • Built in: 1904
  • Construction Materials: Brick
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open, Private Drive Single Wide
  • Fencing: Fence - Partial
  • Floor Space (approx): 2727 Square Feet
  • Heating: Forced Air, Natural Gas
  • Interior Features: Accessory Apartment
  • Laundry Features: Coin Operated, Common Area
  • Lot Depth: 102.6 Feet
  • Lot Features: Irregular Lot, City Lot, Library, Place of Worship, Public Transit, Rec./Community Centre, School Bus Route, Schools, Shopping Nearby
  • Lot Frontage: 49.70 Feet
  • Parking Features: Asphalt
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: RMU-20, C159
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 9

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

Access to Sold Data on this website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of residential real estate.

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Sales/Price History

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Market Price Trends

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Location of 114 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

32 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

32 hot days expected in 2050

42/100

Moderate

ClimateCheck®

Current data

This property, 114 Erb Street W, experiences 7 hot days per year at around 27.4 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 32 hot days at 30.7 degrees Celsius.

Projected Avg. Temperature

Past
27.4℃
2050
30.7℃

# Hot Days Per Year

Past
7
2050
32

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, 114 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 114 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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