196 Allen Street E, Waterloo, ON, N2J 1K1

MLS® # 40794998

Investment For Sale In Willowdale, Waterloo, Ontario

$935,000

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196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

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196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

196 Allen Street E, Waterloo, ON

Advertising

196 Allen Street E, Waterloo, ON, N2J 1K1

$935,000

Property Information:

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

Building Features:

Floor Space: 2637 Square Feet

Property Features:

Acres Range: < 0.5
Basement: Full, Finished
Built in: 1958
Construction Materials: Brick Veneer
Cooling: None
Driveway Parking: Outside/Surface/Open
Floor Space (approx): 2637 Square Feet
Heating: Natural Gas, Radiant
Interior Features: Separate Hydro Meters
Laundry Features: Coin Operated, In-Suite
Lot Depth: 184.25 Feet
Lot Features: Rectangular, City Lot, Public Transit, Schools, Shopping Nearby
Lot Frontage: 50.00 Feet
Parking Features: Asphalt
Roof: Asphalt Shing
Water Source: Municipal
Zoning: R4
Sewer: Sewer (Municipal)
No. of Parking Spaces: 6

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

Rating:

Notes:

Margaret Yong Ping, Sales Representative - WATERLOO, ON

Margaret Yong Ping

Sales Representative Royal LePage Wolle Realty , Brokerage*

Mobile:519.572.0334

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Mike Milovick, Broker - WATERLOO, ON

Broker Royal LePage Wolle Realty , Brokerage*

Office:519.747.2040

Fax:519.747.2081

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Jennifer Shingler, Sales Representative - WATERLOO, ON

Jennifer Shingler

Sales Representative Royal LePage Wolle Realty , Brokerage*

Office:519.747.2040

Fax:519.747.2081

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Market Price Trends

Single family detached

1.22%

Price change (1 year)

38.23%

Price change (5 years)

All Properties

-0.51%

Price change (1 year)

32.99%

Price change (5 years)

Location of 196 Allen Street E, Waterloo, ON, N2J 1K1

Lifestyle
Neighbourhood

Demographic Information of 196 Allen Street E, Waterloo, ON, N2J 1K1

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$95,912.68

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.07 %

High school certificate or equivalent

23.75 %

Apprenticeship trade certificate/diploma

5.54 %

College/non-university certificate

19.16 %

University certificate (below bachelor)

1.59 %

University Degree

33.9 %

Commuter

Travel To Work

By Car

72.76 %

By Public Transit

11.3 %

By Walking

8.07 %

By Bicycle

0.19 %

By Other Methods

7.68 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

52.53 %

Houses

47.47 %

Own Vs. Rent

196 Allen Street E, Waterloo, ON, N2J 1K1 $935,000 MLS® # 40794998