313 Erb Street W Waterloo, Ontario N2L 1W4

$848,000

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:44449)

Property Details

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https://www.realtor.ca/real-estate/23008782/313-erb-street-w-waterloo