For Sale

$935,000

196 ALLEN STREET E , Waterloo, Ontario N2J1K1

6+2 Beds 3 Baths

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. (id:7525)

Property Summary

  • Lot Frontage: 50 Feet
  • Lot Depth: 184.2 Feet
  • Lot Size: 50 x 184.3 FT ; 50.00 x 184.25 x 49.84 x 185.57
  • No. of Parking Spaces: 6
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Bedrooms: 6+2
  • Bathrooms (Total): 3
  • Zoning: R4

Property Features:

  • Amenities Nearby:
    Schools , Public Transit
  • Equipment Type:
    Water Heater , []
  • Parking Type:
    No Garage
  • Property Type:
    Multi-family
  • Rental Equipment Type:
    Water Heater , []
  • Sewer:
    Sanitary sewer
  • Structure Type:
    Shed

Building Features:

  • Amenities:
    Separate Hydro Meters
  • Appliances:
    Dishwasher , Dryer , Stove , Washer , Refrigerator
  • Basement Type:
    Full
  • Building Type:
    Triplex
  • Cooling Type:
    None
  • Exterior Finish:
    []
  • Foundation Type:
    Concrete
  • Heating Fuel:
    Natural gas
  • Heating Type:
    Radiant heat , Not known

Rooms

  • Kitchen:
    Level: 2nd 3.93 m x 3.74 m
  • Living:
    Level: 2nd 3.92 m x 4.09 m
  • Dining:
    Level: 2nd 3.92 m x 1.72 m
  • Foyer:
    Level: 2nd 1.19 m x 4.16 m
  • Master Bedroom:
    Level: 2nd 3.35 m x 3.98 m
  • Bedroom:
    Level: 2nd 2.31 m x 1.50 m
  • Bathroom:
    Level: 2nd 2.31 m x 1.50 m
  • Kitchen:
    Level: Lower Level 4.11 m x 2.69 m
  • Living:
    Level: Lower Level 4.09 m x 3.74 m
  • Laundry:
    Level: Lower Level 3.05 m x 3.93 m
  • Bedroom:
    Level: Lower Level 3.03 m x 2.98 m
  • Master Bedroom:
    Level: Lower Level 3.06 m x 3.64 m
  • Bathroom:
    Level: Lower Level 2.10 m x 1.49 m
  • Bedroom:
    Level: Main 2.32 m x 1.50 m
  • Bathroom:
    Level: Main 2.32 m x 1.50 m
  • Kitchen:
    Level: Main 3.93 m x 3.73 m
  • Living:
    Level: Main 3.89 m x 3.31 m
  • Dining:
    Level: Main 3.89 m x 2.52 m
  • Foyer:
    Level: Main 1.18 m x 4.11 m
  • Master Bedroom:
    Level: Main 3.37 m x 3.98 m
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