Listings

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.

Features
: None
: None
: Full
: Private Double, Other
: 2-Storey
: Separate Hydro Meter
: Sewer
Address Map
US
ON
Waterloo
Waterloo
N2J 1K1
Allen
196
Street
W81° 29' 29.7''
N43° 28' 5.9''
R4
North
Near corner of Weber Street South and Allen Street East.
E
Additional Information
https://unbranded.youriguide.com/196_allen_st_e_waterloo_on/
: Brick Veneer
: Concrete
Financial
5110.0
Listing Information
ROYAL LEPAGE WOLLE REALTY
New
2026-01-07T05:00:59Z
TRREB

For Sale in Waterloo

196 Allen Street E, Waterloo, ON N2J 1K1

8 Bedrooms
3Bathrooms
$935,000
Listing ID #X12670632
Basic Details
Property Type : Residential
Listing Type : For Sale
Listing ID : X12670632
Price : $935,000
Bedrooms : 8
Bathrooms : 3
Status : Active
Office Name : ROYAL LEPAGE WOLLE REALTY
Property Sub Type : Triplex
Roof : Asphalt Shingle
Agent info
Richi Khanna
Pontis Realty Inc., Brokerage
Contact Agent