196 Allen Street E, Waterloo, ON, N2J 1K1 - investment for sale | Listing ID 40794998

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

Investment For Sale In Willowdale, Waterloo, Ontario

$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