114 Erb Street, Waterloo, ON

$899,000
MLS#:X9344339
8 beds
3 baths
1500-2000 sqft
9.0 parking
Residential Freehold
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Description

Property Highlights

Welcome to this remarkable ["2 1/2 Storey"] triplex located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $899,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.

  • 8 Bedrooms and 3 Bathrooms with 3 functional kitchens
  • Generous living space spanning 1500-2000 sqft on a premium 49.7 x 102.6 ft lot
  • Features a ["finished"] basement, adding superb versatility for recreation, a home gym, or extra storage
  • 9.0 total parking spaces available
  • Notable attributes: Water Heater, Water Meter, Carpet Free
  • equipped with ["none"] central cooling and highly efficient forced air heating via gas

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?

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Key Features

Bedrooms
8
Bathrooms
3
Kitchens
3
Living Area
1500-2000 sqft
Property Type
Residential Freehold

Additional Details

StatusSold
Sold DateDecember 4, 2024
Sold price information is available to members only
Listed Date9/11/2024
Transaction TypeFor Sale

Property Details

Property Sub-TypeTriplex
ConstructionBrick
Lot Size49.7 × 102.6 Feet
CountyWaterloo
Annual Tax$6,515.22
Legal DescriptionLT 19 SUBDIVISION OF LT 14 GERMAN COMPANY TRACT CITY OF WATERLOO EXCEPT PT 6, EXPROP PL 439; S/T 1478618; WATERLOO and PT. LOTS 15 & 20 MUNICIPAL COMPILED PLAN OF SUBDIVISION OF PART LOT 14 GERMAN COMPANY TRACT, BEING PT. 1 ON 58R-16762 SUBJECT TO AN EASEMENT IN GROSS AS IN WR538706 CITY OF WATERLOO

Parking & Garage

Parking Spaces9.0
Garage TypeNone

Heating & Cooling

Heat SourceGas
Heat TypeForced Air
Cooling["None"]

Features

Property Features

Community Features

Location

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114 Erb Street, Waterloo, ON

Property History

No historical data available for this property.

This could be the first listing for this address.

Pricing & Value Insights

Data-driven valuation for 114 Erb Street W, Waterloo, ON N2L 1T5

Estimated Sales Range
$1.2M - $1.4M

Based on 0 recent similar sales in the pocket.

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Notice: Market Insights are generated by analyzing real-time data and should be used for informational purposes only. Consult with a licensed professional for exact valuations.
Financial Audit

Estimated Costs

Loan Amount$719,200
Monthly Mortgage$4,179
Property Tax (Est.)$543
Utilities & Maint.$350
Total Monthly Cost$5,072

Strategic Fiscal Clarity

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