196 Allen St E, Waterloo, Ontario

Multi-Family for Sale in Waterloo

196 Allen St E, Waterloo, ON

  • CA$935,000
  • 6+2 BEDS
  • 3 BATHS
  • 9,212.50 sq.ft. Land

Multi-Family for Sale in Waterloo

196 Allen St E, Waterloo, ON

  • CA$935,000
  • 6+2 BEDS
  • 3 BATHS
  • 9,212.50 sq.ft. Land

Key Facts

  • MLS® #: X12670632
  • Secondary MLS® #: 40794998
  • Property ID: SIRC3033285
  • Property Type: Residential, Triplex
  • Lot Size: 9,212.50 sq.ft.
  • Year Built: 51
  • Bedrooms: 6+2
  • Bathrooms: 3
  • Parking Spaces: 6
  • Listed By:
  • ROYAL LEPAGE WOLLE REALTY

Property Description

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.

Downloads & Media

Rooms

  • TypeLevelDimensionsFlooring
  • KitchenLower8' 9.9" x 13' 5.8"Other
  • Living roomLower12' 3.2" x 13' 5"Other
  • BedroomLower9' 9.3" x 9' 11.2"Other
  • OtherLower11' 11.3" x 10' 4.7"Other
  • BathroomLower4' 10.6" x 6' 10.6"Other
  • KitchenMain12' 2.8" x 12' 10.7"Other
  • Living roomMain10' 10.3" x 12' 9.1"Other
  • Dining roomMain8' 3.2" x 12' 9.1"Other
  • FoyerMain13' 5.8" x 3' 10.4"Other
  • OtherMain13' 6.9" x 11' 6.7"Other
  • BedroomMain4' 11" x 7' 7.3"Other
  • BathroomMain4' 11" x 7' 7.3"Other
  • Kitchen2nd floor12' 3.2" x 12' 10.7"Other
  • Living room2nd floor13' 5" x 12' 10.3"Other
  • Dining room2nd floor5' 7.7" x 12' 10.3"Other
  • Foyer2nd floor13' 7.7" x 3' 10.8"Other
  • Other2nd floor13' 6.9" x 10' 11.8"Other
  • Bedroom2nd floor4' 11" x 7' 6.9"Other
  • Bathroom2nd floor4' 11" x 7' 6.9"Other
  • Laundry roomLower12' 10.7" x 10' 7.8"Other

Listing Agents

ROYAL LEPAGE WOLLE REALTY

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Location

196 Allen St E, Waterloo, Ontario, N2J 1K1 Canada

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