114 Erb Street W, Waterloo, Ontario N2L 1T5

Listed for:
$999,900
8 beds
3 baths
Listed 12 days ago
Triplex for rent: 114 Erb Street W, Waterloo, Ontario N2L 1T5

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Learn more about this property
Listing provided by:
Royal LePage Wolle Realty
MLS® number:
40584318
Agent:
Mike Milovick
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About

Located on the North Side of Erb Street, between Avondale and Father David Bauer Drive. 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. Ten, 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? (id:27476)

Property Highlights

Type
Triplex
Cooling type
None
Heating fuel
Natural gas
Fireplace
No
Construction material
Brick
Parking space
9
Ownership Type
Freehold
Amenities nearby
Place of Worship, Public Transit, Schools, Shopping

Location