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$ 935,000
Est. payment /mo
New
196 Allen ST E Waterloo, ON N2J 1K1
8 Beds
3 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
MLS Listing ID X12670632
Style 2-Storey
Bedrooms 8
Annual Tax Amount $5,110
Tax Year 2025
Property Sub-Type Triplex
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.
Location
Province ON
County Waterloo
Area Waterloo
Rooms
Family Room No
Basement Full
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Private Double, Other
Pool None
Roof Type Asphalt Shingle
Lot Frontage 50.0
Lot Depth 184.25
Total Parking Spaces 6
Building
Building Age 51-99
Unit Features School,Public Transit
Foundation Concrete
Others
ParcelsYN Yes
Virtual Tour https://unbranded.youriguide.com/196_allen_st_e_waterloo_on/
Listed by ROYAL LEPAGE WOLLE REALTY