Office For Sale - 116 Erb St, Waterloo, Ontario N2L 1T5

location_on 116 Erb St, Waterloo

Office

116 Erb St

Waterloo, Ontario N2L 1T5

$899,000

For Sale

Property Information

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?

Basic Details
Property Type : Office
Listing Type : For Sale
Listing ID : X9344341
Price : $899,000
Rooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 2,034 Sqft
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 56
Address
Postal Code : N2L 1T5
City : Waterloo
Street : Erb
Street Number : 116
Street Suffix : St
Floor Number : 0
Longitude : W81° 28' 14.4''
Latitude : N43° 27' 46.3''
Features
Heating System : Gas Forced Air Closd
Elevator : None
Brokerage
Office Name : ROYAL LEPAGE WOLLE REALTY
Extra Information
address/street_dir_suffix : W
Air Conditioning : N
Area : Waterloo
living_area : 0
living_area_unit : Sqft
Lease : Sale
Street Direction : W
Tax Year : 2024
Virtual Tour : https://unbranded.youriguide.com/116_erb_st_w_wate

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116 Erb St Waterloo, Ontario N2L 1T5