196 Allen St E, Waterloo, ON N2J 1K1, Canada
196 Allen St E, Waterloo, ON N2J 1K1, CanadaBasics
- Date added: Added 1 week ago
- Category: Residential Income
- Type: Multi-3 Unit
- Status: Active
- Bedrooms: 6
- Bathrooms: 3
- Area: 1929 sq ft
- Year built: 1958
- County Or Parish: Waterloo
- Lot Size Square Feet: 9147.6 sq ft
- Lot Size Acres: 0.21 sq ft
- MLS ID: 40794998
Description
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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.
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Location
- Parking Total: 6
- Directions: Near the Corner of Weber Street South and Allen Street East
Building Details
- Number Of Units Total: 3
- Building Area Total: 2637 sq ft
- Number Of Buildings: 0
- Parking Features: Asphalt
- Construction Materials: Brick Veneer
- Roof: Asphalt Shing
Amenities & Features
- Water Source: Municipal
- Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
- Sewer: Sewer (Municipal)
- Cooling: None
- Interior Features: Separate Hydro Meters
- Heating: Natural Gas, Radiant
- Frontage Type: North