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199 Erb St W Street

Waterloo, ON N2L 1V6
  • $999,900
  • STATUS: Active Under Contract
  • ON SITE: 6 Days
  • MLS #: 40368047
Under Contract
UPDATED: 22 min ago
$999,900
  • 8
    BEDS
  • < 0.5
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
  • 2,136
    SQFT
  • $468
    $/SQFT
Type:
Single-Family Home
Built:
1951
County:

Description

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. Opportunity knock$.

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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2023-01-30T09:21:41.727.
www.foresthillcollingwood.com/homes/136361080
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199 Erb St W Street Waterloo, ON N2L 1V6

  • Price: $999,900
  • Status: Active Under Contract
  • On Site: 6 Days
  • Updated: 22 min ago
  • MLS #: 40368047
8
Beds
3
Baths
0
½ Baths
< 0.5
Acres
2,136
SQFT
$468
$/SQFT
1951
Built
Neighbourhood:
415 - Uptown Waterloo/Westmount
County:
Waterloo
Area:
4 - Waterloo West
Property Description
Welcome to 199 Erb Street West! This two unit home with City Approved rental licenses (D2 and A3) beckons for your immediate attention! Lot size and zoning may allow for future development. Bill 23 may provide additional ability for increased density. Situated across from The Carrick development, an easy walk to Waterloo Park and Waterloo Recreation Center, both universities as well as mosque (150 meters), and within 800 meters to Waterloo Park LRT stop and Uptown Waterloo. Note extreme proximity to Westmount Place Mall - and T&T Supermarket. This is truly an ideal location. Note new vinyl plank in upper and main units as well as new broadloom in main floor bedrooms. New light fixtures. Spacious units. Coin operated laundry. Abundance of paved parking at rear of property. Most windows in the home have been updated. Extensive deck. ESA inspection done for rental licensing. Separate electrical meters for each unit as well as laundry. Note two independent heating and air conditioning systems. Water set up to be easily sub-metered. Drywalled doorway in dining area can be removed to allow for free flowing home. Well documented building: life safety systems (smoke detectors, emergency lighting and fire extinguishers) and HVAC certificates available. This property will work well for investor looking for turn key income (buyer can go to market rents immediately), owner seeking mortgage helper income/home for multigenerational family or smart developer looking to warehouse RMU-20 zoned land for the future development. Opportunity knock$.
Exterior Features

Acres Range < 0.5 Architectural Style 1.5 Storey Attached Garage YN Yes Attached YN No Carport YN No Construction Materials BrickVinyl Siding Covered Spaces 0 Direction Faces North Docking YN No Driveway Parking Outside/Surface/Open Exterior Features Private EntranceSeparate Hydro Meters Foundation Details Poured Concrete Frontage Length 65.13 Frontage Type South Garage YN Yes Lot Features UrbanIrregular LotPavedArts CentreBusiness CentreHigh Traffic AreaPlace Of WorshipPublic TransitSchools Lot Size Area 8535.77 Open Parking Spaces 5 Open Parking YN Yes Parking Features Attached GarageAsphalt Parking Total 5 Property Attached Detached Road Frontage Type Municipal Road Road Surface Type Paved Roof Asphalt Shing Topography Sloping Waterfront YN No Window Features Window Coverings Year Roof Replaced 2015

Interior Features

Above Grade Finished Area 1962.98 Age Of Tank 20212020 Appliances Water Heater OwnedHot Water Tank Owned Basement Separate EntranceFullPartially Finished Bathrooms Total 3 Beds Above Grade 7 Beds Below Grade 1 Below Grade Finished Area 174 Cooling Central Air Fireplace YN Yes Fireplaces Total 1 Heating Forced AirNatural Gas Heating YN Yes Interior Features High Speed InternetAccessory ApartmentIn-Law CapabilityIn-Law FloorplanSeparate Heating ControlsSeparate Hydro MetersWater Meter Kitchens Total 2 Main Level Bedrooms 4 Room Count 18 Sq Ft Approx Unfinished Total 973

Property Features

Age Furnace 2009 Assessment Year 2022 Association Fee2 Frequency Monthly Common Elements Fee YN No Common Interest Freehold/None Condo Corporation YN No Cross Street Dietz Avenue Electric On Property YN Yes Exclusions None Inclusions Hot Water Tank OwnedSmoke DetectorWindow CoveringsThree Frigidaire FridgesOne Frigidaire StoveOne Moffat Stove1 Coin Operated Commercial Maytag Washing Machine1 Coin Operated Commercial Maytag Dryer Laundry Features Common AreaIn Building Lease To Own Equipment None Licensed Dwelling YN Yes Lot Depth 131.19 Lot Irregularities 65.11 Ft X 131.19 Ft X 65.13 Ft X 121.2 X 10.02 Ft New Construction YN No Property Sub Type Single Family Residence Restrictions None Security Features Smoke DetectorSmoke Detector(S) Sewer Sewer (Municipal) Transaction Type Sale Under Contract None Utilities Cable ConnectedCable AvailableElectricity ConnectedNatural Gas Connected Water Meter YN Yes Water Source Municipal Zoning Rmu-20

Listing information © 2023 Information Technology Systems Ontario.
Listing provided courtesy of Mike Milovick of Royal Lepage Grand Valley Realty.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2023-01-30T09:21:41.727.
 
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