114 Erb St W

Waterloo | | N2L 1T5
  • 6 + 2
  • 3
  • 0

Ask: $999,900 $975,000

Est. Mtg $3,306 /mo
  • Days on market

    59

  • Status

    Pc

Listing Broker ROYAL LEPAGE WOLLE REALTY
Since listed: 1 views

Home details

MLS #:

X8363900

Property type:
Triplex
Style:
2 1/2 Storey
Taxes:
$6,165
Possession:
Immediate
Lot Front:
49.7   Feet
Lot Depth:
102.6   Feet
Basement:
Finished |
Driveway Pkg:
0
Heat:
Gas | Forced Air

Description


114 Erb St W, , Waterloo, Ontario is a Triplex property in Waterloo and in the community in the N2L 1T5 postal code


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?.

Extras

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History

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List Date End Date List Price End Price Status MLS #
2023-10 2023-12 $1,249,900 $1,249,900 Exp X7247474
2023-10 2024-05 $1,249,900 $999,900 Exp X7310488
2024-01 2024-05 $999,900 $999,900 Exp X7373566
2024-05 2024-07 $999,900 $975,000 Pc X8363900

Comparables

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sold Date Address List Price sold Price DOM
2022-09 293 Blucher Blvd, $1,550,000 $1,340,000 36
2022-02 16 Highland Ave, $748,800 $815,000 9
2021-08 15 Campbell St E, $799,000 $670,000 86
2021-02 203 Elmwood Ave E, $999,900 $1,102,200 11

Statistics: TRREB Market Watch - JUNE 2023

Municipality activity All Property Types

Sale activity

Waterloo :

Average sale price
Properties sold
New Listings
Days on Market
Sale $ / List $
Year on Year Growth


Estimated running costs for 114 Erb St W

Based on available 3rd party data

$3954

Approximate costs per month

Mortgage
$3306 p/m
Energy
from $75 p/m
Water
from $40 p/m
Home insurance
from $20 p/m
Taxes
$513 p/m
Maintenance
$0 p/m

Amenities:

Features:

Listing Broker ROYAL LEPAGE WOLLE REALTY
Data Source: TRREB

Payment calculator

$3819 monthly. In association with: TD Bank
%
  • Principal and Interest
    3306 /mo
  • Property Taxes
    $513 /mo
  • Yearly Condo Fees
    $0

* These results are not provided by offerHunt.ca and are only indicative based on a repayment mortgage product. Repayments will be subject to the product provided and your circumstances.

P2 Realty Inc. Brokerage

P2 Realty Brokerage

www.offerHunt.ca

Rena Alessa, Realtor

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