196 ALLEN STREET EAST

Waterloo, , N2J1K1, Canada

$935,000

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.

Virtual Tour: https://youriguide.com/196_allen_st_e_waterloo_on/

Last updated on : Saturday 10th of January 2026 10:05:54 AM

ADDRESS

Street : 196 ALLEN STREET EAST

City : Waterloo

Country : Canada

Postal Code : N2J1K1

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PROPERTY SUMMARY

Property ID : 40794998

Building Type : Triplex

Property Type : Multi-family

Bedrooms : 6

Bathrooms : 3

Parking : 6

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