824 Erbsville Rd
Waterloo, N2J 3Z4
FOR SALE
$2,999,900
➧
➧
Browsing Limit Reached
Please Register for Unlimited Access
3
BEDROOMS2
BATHROOMS2
KITCHENS8
ROOMSX8253692
MLSIDContact Us
Property Description
Step into a remarkable opportunity in Waterloo! Nestled on a picturesque corner, this detached double brick yellow home stands as a beacon of future development potential. Boasting a generous 2.27 acres of land, this prime piece of real estate offers a rare chance to own a slice of the future. While the home requires some TLC, it offers three bedrooms, two full baths, and 3400 sqft catering to families or individuals seeking versatile living spaces. With room for both combined and separate living areas, there's flexibility to suit various lifestyles. Some recent updates include: roof (2023), furnace (2022), AC (2022). The bonus here is the massive steel arch structure great for a workshop, equipment storage and more equipped with water and heated flooring. Beyond the dwelling lies a vast expanse of land awaiting transformation. Whether you're an investor with an eye for opportunity or a builder with grand visions, this property offers future possibilities for expansion and development. Currently zoned FD and allows for future low/medium density as per the official plan. Imagine the potential for luxury estates or modern townhomes, all set against the backdrop of Waterloo's thriving landscape. Don't miss out on this extraordinary chance to make your mark in Waterloo's ever-evolving community.
Call
Property Features
Park, Place Of Worship
Call
Property Details
Street
City
Property Type
Detached, 2-Storey
Approximate Sq.Ft.
3000-3500
Lot Size
591' x 60'
Acreage
2-4.99
Fronting
North
Taxes
$5,917 (2023)
Basement
Full, Unfinished
Exterior
Brick, Other
Heat Type
Forced Air
Heat Source
Propane
Air Conditioning
Central Air
Water
Well
Parking Spaces
10
Driveway
Other
Garage Type
None
Call
Room Summary
| Room | Level | Size | Features |
|---|---|---|---|
| Kitchen | Main | 12.07' x 17.09' | |
| Dining | Main | 10.93' x 22.24' | |
| Living | Main | 12.99' x 28.35' | |
| Br | Main | 10.93' x 13.42' | |
| Kitchen | 2nd | 12.24' x 16.99' | |
| Living | 2nd | 9.25' x 14.83' | |
| 2nd Br | 2nd | 10.93' x 13.16' | |
| 3rd Br | 2nd | 10.40' x 12.60' |
Call
Waterloo Market Statistics
Waterloo Price Trend
824 Erbsville Rd is a 3-bedroom 2-bathroom home listed for sale at $2,999,900, which is $2,126,967 (243.7%) higher than the average sold price of $872,933 in the last 30 days (April 3 - May 2). During the last 30 days the average sold price for a 3 bedroom home in Waterloo increased by $69,458 (8.6%) compared to the previous 30 day period (March 4 - April 2) and down $16,690 (1.9%) from the same time one year ago.Inventory Change
There were 36 3-bedroom homes listed in Waterloo over the last 30 days (April 3 - May 2), which is up 71.4% compared with the previous 30 day period (March 4 - April 2) and up 111.8% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Waterloo typically sold $73,740 (8.4%) above asking price over the last 30 days (April 3 - May 2), which represents a $20,682 increase compared to the previous 30 day period (March 4 - April 2) and $40,533 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 3-bedroom homes in Waterloo over the last 30 days (April 3 - May 2) stood at 83.3%, up from 81.0% over the previous 30 days (March 4 - April 2) and down from 123.5% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Waterloo stood at 17 days when successfully sold over the last 30 days (April 3 - May 2), compared to 31 days before being removed from the market upon being suspended or terminated.Listing contracted with Exp Realty
Call