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8 Roosevelt Avenue

Beds 7
Baths 2
MLS® Number 40145222

$1,100,000

Status Active
City Waterloo
County Waterloo
Listing Type Residential
Postal Code N2L 2N1
Driveway Spaces 3.00
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Uptown Waterloo re-development potential! Being sold as a pair, the combined 371 Erb St W and 8 Roosevelt Ave properties offer approximately 16,000 square feet of RMU-20 zoned lands with the two existing homes having a combined 11 bedrooms available to be rented for income while you plan your project. Being sold as a pair, the combined asking price for both is $2.2M. The combined lots offer approximately 86 feet of frontage on Erb St W and 187 feet along Roosevelt. The University of Waterloo and Wilfred Laurier campuses are 5 minutes away by car, 20 by public transit and only 40 by foot making this a prime location for existing student rentals of rooms and for smaller unit condo re-development. The zoning allows for up to approximately 60-65 bedrooms within combined lots of this size.
Directions FROM HWY 8 - NORTH ON FISCHER HALLMAN THEN EAST ON ERB

Interior

Basement Type Full Basement
Heating Forced Air
Interior Features None
Square Feet 1226.00 SqFt
Cooling None
Laundry Feature Lower Level,main Level

Exterior

Acres Range < 0.5
Construction Materials Brick
Foundation Concrete
Lot Shape Rectangular
Lot Size Acres 0.0000
Parking Spaces Total 0
Roof Asphalt Shing

Additional Information

Appox Age 51-99 Years
Area Influences Ample Parking,Arts Centre,Downtown,High Traffic Area,Highway Access,Landscaped,Open Spaces,Park,Place of Worship,Playground Nearby,Public Transit,Rec./Community Centre,Schools,Shopping Nearby
Common Interest Freehold/none
Septic/Sewer Sewer (Municipal)
Water Source Municipal
Property Attached Detached
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Kathy Marziano

Real Estate Professional

RE/MAX Twin City Realty Inc.