196 ALLEN Street E, Waterloo, Ontario N2J1K1

196 ALLEN Street E
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Income with Updates! This purpose-built, partially owner occupied triplex beckons for your immediate attention. This is NOT a drive by. With great tenants and major cap ex done recently, this is an easy add to your investment portfolio. Recent improvements include: new water line to building, sump pump install, new front door, separate hydro meters, wide plank vinyl flooring in all units. Kitchens in all units updated. New bathrooms in Unit 1 and Unit 2. Buy with confidence: City-Approved Rental Licenses on the tenanted units means that you can rent/operate this building legally - a truly turn key operation that generates strong income! Current rents: Unit 1 – owner occupied, Unit 2 - $1882.86, Unit 3 - $1796.49. Current annual gross income of $44,152 (noting no income from owner occupied unit). Stack another $20,000+ Gross Income + by renting the owner occupied unit. Unit 2 departing end of February with opportunity to re-set rent to market. With good proximity to Uptown Waterloo and WRHN (Waterloo Regional Health Network); steps to Sobey’s Plaza and public transit; walking distance to Wilfrid Laurier and Iron Horse Trail, this building is a sought after location. Quick access to expressway. Looking for an opportunity to enter into the lucrative Kitchener-Waterloo real estate investment market? This is The One.

Property Specifications

Comprehensive breakdown of features and details.

Interior Details

BasementFinished, Full
Bathrooms Total3
Bedrooms Total6
CoolingNone
HeatingRadiant heat, Natural gas
Living Area2637 sqft

Building & Exterior

Exterior FeaturesBrick Veneer
Foundation DetailsPoured Concrete
Number Of Units Total3
Stories2.0
Year Built1958

Land & Location

Frontage Length50.0 feet
Lot FeaturesPaved driveway, Laundry- Coin operated
Lot Size Area0.21 acres
Lot Size Dimensions0.21
Subdivision Name114 - Uptown Waterloo/North Ward

Listing & Financials

Listing OfficeRoyal LePage Wolle Realty
Originating System NameCornerstone Association of REALTORS®

Other Specifications

Common InterestFreehold
CountryCanada
Parking Total6

For Sale

$935,000

196 ALLEN Street E, Waterloo, Ontario N2J1K1

Beds

6

Baths

3

Living Area

2,637 sqft

Lot Size

0.21 acres

Property Type

Triplex

Year Built

1958

Listing ID40794998

Location & Map

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196 ALLEN Street E, Waterloo | $935,000 | Lify.ca