Added 2 months ago
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Type: Land
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Property Type: Commercial
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Business Type: Residential
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Zoning: RMU-20, C159
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Age: No Data
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MLS®#: X9344346
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Days on Site: 56 Days
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Added: Sep 10, 2024 (2 months ago)
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Updated:
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Last Checked: 4 hours ago
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Listed By: ROYAL LEPAGE WOLLE REALTY
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?
Property
Status: Sale
Type: Residential
Property Type: Land
Property Type: Designated
Area: Waterloo
Availability Date: Immediate
Assessment Year: 2024
Inside
Air Conditioning: N
Utilities
Utilities: Yes
Building
Basement: Y
Heat Type: Gas Forced Air Closd
UFFI: No
Energy Certificate: N
Green Verification Status: Y
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2024
Tax Legal Description: PT. LOTS 15 & 20 MUNICIPAL COMPILED PLAN OF SUBDIVISION OF PART
Taxes Type: Annual
Land
Cross Street: Erb Street West and
Municipality District: Waterloo
Parcel Number: 223770092
Sewer: San+Storm
Lot Depth: 102.6 Feet
Lot Frontage: 99.78 Feet
Lot Irregularities: See Survey
Zoning: RMU-20, C159
Commercial Specific
Sprinklers: N
Total Area: 12346
Total Area Metric: Sq Ft
Office Size: 100
Office Size Metric: %
Area Influence: Rec Centre
Lot Code: Lot
Our Lady of Lourdes Catholic Elementary School
Elementary: CatholicKeatsway Public School
Elementary: PublicWestmount Public School
Elementary: PublicMacGregor Public School
Elementary: PublicElizabeth Ziegler Public School
Elementary: PublicEmpire Public School
Elementary: PublicSt David Catholic Secondary School
Secondary: CatholicForest Heights Collegiate Institute
Secondary: PublicKitchener Waterloo Collegiate and Vocational School
Secondary: PublicBluevale Collegiate Institute
Secondary: PublicWaterloo Collegiate Institute
Secondary: PublicResurrection Catholic Secondary School
Secondary: Catholic
