CAONWaterlooWillowdale District196 Allen St E
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196 Allen St E, Waterloo, ON

Real Estate

Sold

$--,---,---
$935,000

833

MLS® X12670632

  • Key Facts
  • Description
  • Rooms
  • Map

Key Facts

Type Triplex
Levels Residential
Size -
Garage No
Taxes $5,110
Lot Size 
Approx. Age 
MLS® Number X12670632

Property Address: 196 Allen St E, Waterloo, ON, N2J1K1

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® NumberX12670632
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementFull
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Rooms

Show Details
Kitchen:Second Floor12.28 × 12.9 ft

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Starting Address
Destination Address
196 Allen St E, Waterloo, ON

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