$935,000
Available - For Sale
Listing ID: X12670632
196 Allen Street East , Waterloo, N2J 1K1, Waterloo
| 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. |
| Price | $935,000 |
| Taxes: | $5110.00 |
| Assessment Year: | 2025 |
| Occupancy: | Owner+T |
| Address: | 196 Allen Street East , Waterloo, N2J 1K1, Waterloo |
| Acreage: | < .50 |
| Directions/Cross Streets: | Weber Street South and Allen Street East |
| Rooms: | 14 |
| Rooms +: | 5 |
| Bedrooms: | 6 |
| Bedrooms +: | 2 |
| Family Room: | F |
| Basement: | Full |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Lower | Kitchen | 13.48 | 8.82 | |
| Room 2 | Lower | Living Ro | 13.42 | 12.27 | |
| Room 3 | Lower | Bedroom | 9.94 | 9.77 | |
| Room 4 | Lower | Primary B | 10.04 | 11.94 | |
| Room 5 | Lower | Bathroom | 6.89 | 4.89 | |
| Room 6 | Main | Kitchen | 12.89 | 12.23 | |
| Room 7 | Main | Living Ro | 12.76 | 10.86 | |
| Room 8 | Main | Dining Ro | 12.76 | 8.27 | |
| Room 9 | Main | Foyer | 3.87 | 13.48 | |
| Room 10 | Main | Primary B | 11.05 | 13.05 | |
| Room 11 | Main | Bedroom | 7.61 | 4.92 | |
| Room 12 | Main | Bathroom | 7.61 | 4.92 | |
| Room 13 | Second | Kitchen | 12.89 | 12.27 | |
| Room 14 | Second | Living Ro | 12.86 | 13.42 | |
| Room 15 | Second | Dining Ro | 12.86 | 5.64 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Lower |
| Washroom Type 2 | 4 | Main |
| Washroom Type 3 | 4 | Second |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | Lower |
| Washroom Type 6 | 4 | Lower |
| Washroom Type 7 | 4 | Main |
| Washroom Type 8 | 4 | Second |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | Lower |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Triplex |
| Style: | 2-Storey |
| Exterior: | Brick Veneer |
| Garage Type: | None |
| (Parking/)Drive: | Private Do |
| Drive Parking Spaces: | 3 |
| Park #1 | |
| Parking Type: | Private Do |
| Park #2 | |
| Parking Type: | Private Do |
| Park #3 | |
| Parking Type: | Other |
| Pool: | None |
| Other Structures: | Shed |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 1500-2000 |
| Property Features: | School, Public Transit |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Radiant |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE WOLLE REALTY |
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50.00 x 184.2
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At a Glance:
| Type: | Freehold - Triplex |
| Area: | Waterloo |
| Municipality: | Waterloo |
| Neighbourhood: | Dufferin Grove |
| Style: | 2-Storey |
| Approximate Age: | 51-99 |
| Tax: | $5,110 |
| Beds: | 6+2 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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