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313 Erb Street W Waterloo, Ontario N2L 1W4

4 Bedroom 2 Bathroom 1100
Bungalow Fireplace Central Air Conditioning 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:36631)

Property Details

MLS® Number 40090051
Property Type Single Family
Amenities Near By Schools
Equipment Type Water Heater
Features Double Width Or More Driveway
Rental Equipment Type Water Heater

Building

Bathroom Total 2
Bedrooms Above Ground 3
Bedrooms Below Ground 1
Bedrooms Total 4
Appliances Water Softener
Architectural Style Bungalow
Basement Development Finished
Basement Type Full (finished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Brick
Fireplace Present Yes
Fireplace Total 1
Fireplace Type Stove,woodstove
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 1
Size Interior 1100
Type House
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Land Amenities Schools
Sewer Municipal Sewage System
Size Depth 162 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description Rmu-20

Rooms

Level Type Dimensions
Basement 4pc Bathroom
Basement Bedroom 15'04'' x 12'08''
Basement Family Room 27'00'' x 12'08''
Main Level 3pc Bathroom
Main Level Bedroom 9'11'' x 9'10''
Main Level Bedroom 11'02'' x 8'10''
Main Level Bedroom 11'02'' x 10'07''
Main Level Den 8'08'' x 7'04''
Main Level Kitchen 11'00'' x 10'11''
Main Level Living Room 15'09'' x 12'00''

https://www.realtor.ca/real-estate/23008783/313-erb-street-w-waterloo

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