114 Erb St W
Waterloo, N2L 1T5
FOR SALE
$899,000
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6 + 2
BEDROOMS3
BATHROOMS2 + 1
KITCHENS14 + 7
ROOMSX9344339
MLSIDContact Us
Property Description
This is an extremely well-situated triplex with proximity to all the locales that make Waterloo great: situated steps to Waterloo Park's LRT station, in front of the Barrel Works Development and a quick walk to night life, cafes, Waterloo Park and Waterloo Rec Centre. CIGI across the street. Perimeter Institute and Clay and Glass museum around the corner. Interior updates include vinyl plank flooring. Thousands recently spent on exterior improvements including new asphalt and retaining wall. Nine, lined, parking spots. Additional parking spots can be rented to Barrelworks tenants or Seagram Loft residents. Due to proximity to all amenities, AIRBNB could also be a very lucrative option. From a traditional rental perspective, next owner can go to market rents immediately and capitalize on perhaps the The Best Rental Market in Canada. This could also be a rare opportunity to live in Uptown with the possibility of enjoying mortgage helper income from two other units! Note 116 Erb Street West, also available, can be added to your purchase for a mixed use application: office main unit, four bedroom residential on upper levels. Combining 116 Erb (mixed office/residential) with 114 Erb Street makes the site even more compelling and may unlock development opportunity. Why settle for a tertiary location when you can own The Best? Opportunity knocks - will you answer?
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-05-23 | 2024-09-10 | 123 | $950,000 | - | Expired |
| 2024-01-02 | 2024-04-30 | 120 | $999,900 | - | Expired |
| 2023-11-20 | 2023-12-30 | 85 | $999,900 | - | Expired |
| 2024-01-02 | 2024-02-20 | 50 | $999,900 | $912,500 | Sold |
| 2023-11-20 | 2024-02-20 | 137 | $999,900 | $912,500 | Sold |
| 2023-10-25 | 2023-12-30 | 85 | $1,249,900 | - | Expired |
| 2023-11-20 | 2023-12-30 | 85 | $999,900 | - | Expired |
Nearby Intersections
King & University (112)
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Property Details
Street
City
Property Type
Triplex, 2 1/2 Storey
Approximate Sq.Ft.
1500-2000
Lot Size
50' x 103'
Acreage
< .50
Fronting
North
Taxes
$6,515 (2024)
Basement
Finished
Exterior
Brick
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
None
Water
Municipal
Driveway
Private
Garage Type
None
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Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Br | Main | 11.98' x 12.17' | |
| Br | Main | 11.22' x 13.91' | |
| Den | Main | 7.68' x 10.99' | |
| Br | 2nd | 11.25' x 9.38' | |
| Br | 2nd | 11.55' x 9.38' | |
| Living | 2nd | 14.57' x 9.55' | |
| Br | 3rd | 8.86' x 14.86' | |
| Br | 3rd | 15.29' x 14.86' | |
| Br | Bsmt | 10.76' x 11.55' | |
| Br | Bsmt | 8.43' x 11.55' | |
| Bathroom | Bsmt | 8.20' x 6.36' | 3 Pc Bath |
| Bathroom | Main | 4.79' x 10.76' | 3 Pc Bath |
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Waterloo Market Statistics
Waterloo Price Trend
114 Erb St W is a 6-bedroom 3-bathroom home listed for sale at $899,000, which is $64,000 (7.7%) higher than the average sold price of $835,000 in the last 30 days (October 24 - November 22). During the last 30 days the average sold price for a 6 bedroom home in Waterloo increased by $43,000 (5.4%) compared to the previous 30 day period (September 24 - October 23) and down $115,000 (12.1%) from the same time one year ago.Inventory Change
There were 1 6-bedroom homes listed in Waterloo over the last 30 days (October 24 - November 22), which is up ∞ compared with the previous 30 day period (September 24 - October 23) and down 0.0% compared with the same period last year.Sold Price Above/Below Asking ($)
6-bedroom homes in Waterloo typically sold $85,000 (10.2%) above asking price over the last 30 days (October 24 - November 22), which represents a $92,000 increase compared to the previous 30 day period (September 24 - October 23) and ($49,900) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 6-bedroom homes in Waterloo over the last 30 days (October 24 - November 22) stood at 100.0%, down from ∞ over the previous 30 days (September 24 - October 23) and down from 100.0% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 6-bedroom 3-bathroom home in Waterloo stood at 13 days when successfully sold over the last 30 days (October 24 - November 22), compared to 113 days before being removed from the market upon being suspended or terminated.Listing contracted with Royal Lepage Wolle Realty
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