LOADING

318 Erb Street W Waterloo, Ontario N2L 1W3

3 Bedroom 3 Bathroom 2190
None Hot Water Radiator Heat

$1,499,000

Attention developers and investors! AAA+ location triplex with high density RMU-20 zoning, located within walking distance of Uptown Waterloo, Shopping, and University of Waterloo. This could be the perfect addition for an investor with OVER 78000$ Current Gross Annual Income. Solid Brick Purposely Build Triplex With Spacious 3-3 BEDS Suites And 2 Walkouts To Balconies . UNIT #3 AND UNIT #2 were COMPLETELY RENOVATED (2021) ,down to the studs, with UPDATED INSULATION, NEW DRYWALL, NEW FLOOR, NEW LIGHT FIXTURES, NEW KITCHEN CABINETS, SINK ,FAUCET, NEW APPLIANCES ,NEW VANITY ,TUB, PLUMBING, NEW IN-SUITE LAUNDRY. Each unit has a NEW ELECTRICAL PANEL. Common space has NEW CARPET, NEW TRIM, NEW ENTRANCE DOOR, PAINT(WALLS, WINDOWS, EAVESTROUGH) ETC. BASEMENT UNIT #1 has NEW(2022) VANITY,NEW TOILET,TUB WAS RECONDITIONED ,NEW KITCHEN COUNTERTOP,SINK, FAUCET, IN SUITE LAUNDRY FOR UNIT #3 AND UNIT #2 and COIN OPERATING WASHER AND DRYER IN THE BASEMENT, provide for an Additional Income Stream .There are 4 HYDRO METERS ,one for each unit and one for the building. The Exterior has been Refreshed also with ALL Windows and Eavestroughs recently Painted . Located on Oversized Lot ,offers 6+ Parking Spots and an EXTRA EXIT to the rear yard and Room For Possible Expansion To Include More Units Allowable Under Current Zoning. (id:36938)

Property Details

MLS® Number 40241731
Property Type Multi-family
Amenities Near By Park, Public Transit, Shopping
Community Features School Bus
Features Park/reserve, Conservation/green Belt, Laundry- Coin Operated
Parking Space Total 6
Structure Shed

Building

Bathroom Total 3
Bedrooms Total 3
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1976
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors
Foundation Type Poured Concrete
Heating Type Hot Water Radiator Heat
Stories Total 3
Size Interior 2190
Type Triplex
Utility Water Municipal Water

Land

Acreage No
Fence Type Fence
Land Amenities Park, Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 150 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description R-mu20

https://www.realtor.ca/real-estate/24274305/318-erb-street-w-waterloo