$2,690,000
Available - For Sale
Listing ID: X12102478
392-398 Erb Street West , Waterloo, N2L 1W6, Waterloo
| Prime Development Opportunity WaterlooSite Plan Approved for a 6-storey, 73-unit rental apartment, ideal for CMHCs MLI Select program. Located on 0.561 acres (24,466 sq ft) with 74,981 sq ft GFA. Zoning: RMU-20. Includes 1.5 levels of underground parking (86 spaces). Existing gross income: $129K ($111K NOI). Price: $2.69M ($36/sq ft).Waterloo's median rent is $2,125/month, avg rent $2.71/sq ft. Avg income: $60,250. Household income (2020): $122,400.Strong alignment with MLI Select's affordability and energy efficiency criteria. Strategic location + approved plans = exceptional investment potential. |
| Price | $2,690,000 |
| Taxes: | $17800.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 392-398 Erb Street West , Waterloo, N2L 1W6, Waterloo |
| Postal Code: | N2L 1W6 |
| Province/State: | Waterloo |
| Directions/Cross Streets: | Churchill St/Erb St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Accommodation |
| Use: | Other |
| Building Percentage: | T |
| Total Area: | 0.54 |
| Total Area Code: | Acres |
| Washrooms: | 0 |
| Heat Type: | Other |
| Central Air Conditioning: | No |
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| HOME LEADER REALTY INC. |
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Arthur Sercan & Jenny Spanos
Sales Representative
Dir:
416-723-4688
Bus:
416-445-8855
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Neighbourhood: | Dufferin Grove |
| Tax: | $17,800 |
| Fireplace: | N |
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