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