$899,000

Investment For Sale In Central, Waterloo, Ontario

$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

Courtesy of: Royal LePage Wolle Realty

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