Address
313 ERB Street W Waterloo, ON
Price
$ 848,000
Property Attributes
  • ML#40090063
  • TypeSingle Family
  • CityWaterloo
  • NeighbourhoodBeechwood
  • Postal CodeN2L 1W4
  • Style
  • Price$ 848,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Wendy Hearn with Leap Real Estate Services Inc.
Data Source:
RLP - CREA EN
Property Description

DESIRED LOCATION FOR EXCEPTIONAL DEVELOPMENT OPPORTUNITY. MULTI-TIERED INCOME GENERATING PR0PERTY. OR HOME SWEET HOME. YOU DECIDE. Welcome to 313 Erb St W in Waterloo. The features of this home and property are truly too many to list, as many of them provide a very real and much needed income stream, especially in our current landscape. From a development perspective; this property features the highly sought after Residential Mixed-Use Twenty (RMU-20) zoning and includes Parking Overlay Area F. (A copy of the RMU-20 zone has been included in the attachments for your reference.) The information in the PDF includes permitted uses, required setbacks, maximum densities, and parking requirements. Featuring a lot size of 50 ft x over 160 ft at it deepest point, the opportunity to maximize zoning, lot size & location are endless and is ideal for investors recognizing the significance of this location only steps from Uptown Waterloo. The home itself boasts over 2000 total sq ft; main floor features a spacious kitchen, 3 large bedrooms, open living room and den currently operating as a successful turn-key business available to purchase. Creating a distinction from the business, enter a separate entrance to the basement with a large family room, bedroom and luxuriously sized bathroom awaiting only a few touches to transition this entire space to a legal duplex. Offering yet another potential income stream. The possibilities are endless: Develop. Operate business. Make it your home. Live in the home while you operate a business and proceed with larger development plans. Rent business space, create & rent duplex while you pursue larger development. Or just call it home. YOU DECIDE! Take advantage of this rare & exciting opportunity. Book your showing today! (id:27)

General Features

Amenities Nearby Public Transit, Schools, Shopping
Community Features High Traffic Area
Garage yes
Listing Type House
Location Description Erb to Mulberry
More Information Link https://www.realtor.ca/real-estate/23008782/313-erb-street-w-waterloo
Parking yes
Property Type Other
Sewer Municipal sewage system
Terms SALE
Wheel Chair Access no
Zoning RMU20

Interior Features

Basement Finished
Basement Type Full
Fireplace no
Heating Fuel Natural gas
Heating Type Forced air

Exterior Features

Lot Frontage 50.0
Parking Type Detached garage
Pool Y/N no

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in N2L 1W4

Price
AVG $1.73M
$850K
Visits
AVG 51
22
Walkscore
AVG 45
45
Data Provided by Walkscore ® not using MLS data