196 Allen Street E, Waterloo ON

About 196 Allen Street E

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. (id:56071). Get more information on 196 Allen Street E

Property Features

Features:  Paved driveway, Laundry- Coin operated
Rental Equipment:  Other, Water Heater
Directions:  Near the Corner of Weber Street South and Allen Street East
Zoning Description:  R4
Interior Size:  2637 sqft
Lot:  0.21 ac|under 1/2 acre 0.21
Exterior Finish:  Brick Veneer
Water:  Municipal water, Municipal sewage system
Heating / Cooling:   Natural gas / None
Age:  1958
Foundation: Poured Concrete
Constructed Date:  1958
Basement:  Full (Finished) Finished

Rooms & Sizes