110-116 Erb Street West, Waterloo | Image 1

110-116 Erb Street West

Waterloo

  • Commercial

$1,798,000
For Sale

Added 1 month ago

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  • Type: Land

  • Property Type: Commercial

  • Business Type: Residential

  • Zoning: RMU-20, C159

  • Age: No Data

  • MLS®#: X9344346

  • Days on Site: 21 Days

  • Added: Sep 11, 2024 (1 month ago)

  • Updated:

  • Last Checked: 1 hour ago

  • 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

JK-8

Our Lady of Lourdes Catholic Elementary School

Elementary: Catholic
0.50 km
JK-6

Keatsway Public School

Elementary: Public
1.47 km
JK-6

Westmount Public School

Elementary: Public
1.62 km
6-8

MacGregor Public School

Elementary: Public
0.82 km
JK-6

Elizabeth Ziegler Public School

Elementary: Public
1.36 km
JK-6

Empire Public School

Elementary: Public
1.00 km
9-12

St David Catholic Secondary School

Secondary: Catholic
2.29 km
Pre-Grade 9-12

Forest Heights Collegiate Institute

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4.25 km
Pre-Grade 9-12

Kitchener Waterloo Collegiate and Vocational School

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1.81 km
Pre-Grade 9-12

Bluevale Collegiate Institute

Secondary: Public
2.63 km
Pre-Grade 9-12

Waterloo Collegiate Institute

Secondary: Public
1.78 km
9-12

Resurrection Catholic Secondary School

Secondary: Catholic
2.90 km
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