Added 2 months ago
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Type: Office
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Property Type: Commercial
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Business Type: Professional Office
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Zoning: RMU-20, C159
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Age: 100+ years
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Taxes: 9492.76
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MLS®#: X9344341
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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
Live-work space in the most exciting area in Waterloo near all the locales that make Waterloo Great! 900 square feet of main floor office space plus four a bedroom, upper level apartment. Additional space in finished basement. Thousands recently spent on exterior improvements including new asphalt and retaining wall. Six lined, parking spots at this location. Parking is scarce in Uptown. Additional parking spots can be rented to Barrelworks tenants or Seagram Loft residents. Due to proximity to all amenities, AIRBNB of the upper unit could also be a very lucrative option. From a traditional rental perspective, next owner can go to market rents immediately and profit from perhaps one of the best rental market in Canada. Combining 116 Erb with 114 Erb Street (triplex) makes the site even more compelling and may unlock development opportunity. 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 a quick walk 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. Superior, high profile location. Big Time Opportunities like this are Rare. Do you have the vision to maximize this site?
Property
Status: Sale
Type: Professional Office
Property Type: Office
Property Type: Office
Age: 100+
Area: Waterloo
Availability Date: Immediate
Assessment Amount: $435,000
Assessment Year: 2024
Inside
Air Conditioning: N
Utilities
Utilities: Yes
Building
Heat Type: Gas Forced Air Closd
Elevator: None
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: None
Fees
Tax Year: 2024
Tax Legal Description: LT 18 SUBDIVISION OF LT 14 GERMAN COMPANY TRACT CITY OF WATERLOO
Taxes: $9,493
Taxes Type: Annual
Land
Cross Street: AVONDALE/ERB, FATHER
Municipality District: Waterloo
Parcel Number: 223770092
Sewer: Sanitary
Lot Depth: 100.05 Feet
Lot Frontage: 50.08 Feet
Zoning: RMU-20, C159
Additional Media
- Virtual Tour: https://unbranded.youriguide.com/116_erb_st_w_waterloo_on/
Commercial Specific
Sprinklers: N
Total Area: 2034
Total Area Metric: Sq Ft
Office Size: 889
Office Size Metric: Sq Ft
Area Influence: Public Transit
Area Influence: Rec Centre
Lot Code: Lot
Survey: Y
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
