196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
196 Allen Street East, Waterloo, ON N2J 1K1
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For Sale

$935,000

196 Allen Street East, Waterloo, ON N2J 1K1

6 Beds

Remarks

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.

Inclusions:

Other,3 Fridges, 3 Stoves, 3 Dishwashers, 1 Coin Operated Dryer, 1 Washer, 1 Stackable Washer, 1 Stackable Dryer

Exclusions:

Tenants' Possessions, Rental Water Heater, Rental Water Softener

Property Summary

  • Lot Frontage: 50.00 Feet
  • Lot Depth: 184.25 Feet
  • No. of Parking Spaces: 6
  • Floor Space (approx): 2637 Square Feet
  • Built in: 1958
  • Bedrooms: 6
  • Zoning: R4

Property Features:

  • Basement:
    Full , Finished
  • Construction Materials:
    Brick Veneer
  • Cooling:
    None
  • Heating:
    Natural Gas , Radiant
  • Interior Features:
    Separate Hydro Meters
  • Acres Range:
    < 0.5
  • Driveway Parking:
    Outside/Surface/Open
  • Laundry Features:
    Coin Operated , In-Suite
  • Lot Features:
    Rectangular , City Lot , Public Transit , Schools , Shopping Nearby
  • Parking Features:
    Asphalt
  • Roof:
    Asphalt Shing
  • Sewer:
    Sewer (Municipal)
  • Water Source:
    Municipal
Lifestyle
Neighbourhood Info
Team Milovick

Team Milovick

Phone:  519.747.2040

Fax:  519.747.2081

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Royal LePage Wolle Realty, Brokerage (Independently owned and operated)

7 - 180 NORTHFIELD DR WEST
WATERLOO,  ON N2L 0C7

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