| Message Number | 413882 | ||||||||
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| status | Sold | ||||||||
| Subject Line | SOLD! KWC Waterloo - Duplexed, Licensed Property on Large RMU-20 Lot! $999,000 - Abundance of of Ancillary Uses! Vacant. Go to Market Rents Immediately! | ||||||||
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| Location, City | Waterloo | ||||||||
| Have/Want | Have | ||||||||
| Business category | Apartment buildings/multi unit/condo townhouse projects/investments | ||||||||
| Date of Listing | March 16 2023 | ||||||||
| Type Description | Infill Development, Turn Key Rental | ||||||||
| Location | 199 Erb Street West, Waterloo | ||||||||
| Price | $999,900.00 | ||||||||
| Price Comment | Property Being Well Received at Asking Price | ||||||||
| Zoning | RMU-20 | ||||||||
| Comments | Welcome to 199 Erb Street West! This two unit home with City Approved rental licenses (D2 and A3) beckons for your immediate attention! Lot size and zoning may allow for future development. Bill 23 may provide additional ability for increased density. Situated across from The Carrick development, an easy walk to Waterloo Park and Waterloo Recreation Center, both universities as well as mosque (150 meters), and within 800 meters to Waterloo Park LRT stop and Uptown Waterloo. Note extreme proximity to Westmount Place Mall - and T&T Supermarket. This is truly an ideal location. Note new vinyl plank in upper and main units as well as new broadloom in main floor bedrooms. New light fixtures. Spacious units. Coin operated laundry. Abundance of paved parking at rear of property. Most windows in the home have been updated. Extensive deck. ESA inspection done for rental licensing. Separate electrical meters for each unit as well as laundry. Note two independent heating and air conditioning systems. Water set up to be easily sub-metered. Drywalled doorway in dining area can be removed to allow for free flowing home. Well documented building: life safety systems (smoke detectors, emergency lighting and fire extinguishers) and HVAC certificates available. This property will work well for investor looking for turn key income (buyer can go to market rents immediately), owner seeking mortgage helper income / home for multigenerational family or smart developer looking to warehouse RMU-20 zoned land for the future development. | ||||||||
| Internet Links |
More Investment Properties Here Why Invest in Kitchener-Waterloo? | ||||||||
| Member Identifier | 201 | ||||||||
| Client Wants | Cash | ||||||||
| Broker's Recommendation | Act Now. Opportunity Knock$ | ||||||||
| Control | MLS | ||||||||
| Name | Mike Milovick | ||||||||
| Title | Broker | ||||||||
| Company Name | Royal LePage Grand Valley Realty Brokerage | ||||||||
| Address Line One | Unit 15C, 370 Highland Road West | ||||||||
| City | Kitchener | ||||||||
| State/Province | Ontario | ||||||||
| Zip/Postal Code | N2M 5J9 | ||||||||
| Country | Canada | ||||||||
| Business Phone Number | (519)745-7000 | ||||||||
| Cell Number | 519745-7000 | ||||||||
| Home Number | 519745-7000 | ||||||||
| FAX Number | (519) 745-8460 | ||||||||
| Email Address | Send Email | ||||||||
| Home Page | Home Page |
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