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313 Erb Street W Waterloo, Ontario N2L 1W4

Forced Air

$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

MLS® Number 40090063
Property Type Other
Amenities Near By Public Transit, Schools, Shopping
Community Features High Traffic Area

Building

Basement Development Finished
Basement Type Full (finished)
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Exterior 2000.0000
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Land Amenities Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 162 Ft
Size Frontage 50 Ft
Zoning Description Rmu20

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

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