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$ 935,000
Est. payment /mo
New
196 ALLEN Street E Waterloo, ON N2J1K1
6 Beds
3 Baths
2,637 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,637 sqft
Price per Sqft $354
Subdivision 114 - Uptown Waterloo/North Ward
MLS® Listing ID 40794998
Bedrooms 6
Year Built 1958
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Freehold
Source Cornerstone Association of REALTORS®
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. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Radiant heat,
Cooling None
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 6
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://youriguide.com/196_allen_st_e_waterloo_on/
Listed by Royal LePage Wolle Realty