196 Allen Street E Waterloo, ON N2J 1K1
6 Beds
3 Baths
1,929 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi-3 Unit
Listing Status Active
Purchase Type For Sale
Square Footage 1,929 sqft
Price per Sqft $484
MLS Listing ID 40794998
Bedrooms 6
Abv Grd Liv Area 2,637
Year Built 1958
Annual Tax Amount $5,093
Lot Size 9,147 Sqft
Acres 0.21
Property Sub-Type Multi-3 Unit
Source Cornerstone
Property Description
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.
Location
Province ON
County Waterloo
Area 1 - Waterloo East
Zoning R4
Direction Near the Corner of Weber Street South and Allen Street East
Rooms
Basement Full, Finished
Kitchen 0
Interior
Interior Features Separate Hydro Meters
Heating Natural Gas, Radiant
Cooling None
Fireplace No
Appliance Dishwasher, Dryer, Refrigerator, Stove, Washer
Laundry Coin Operated, In-Suite
Exterior
Parking Features Asphalt
Roof Type Asphalt Shing
Lot Frontage 50.0
Lot Depth 184.25
Garage No
Building
Lot Description Rectangular, City Lot, Public Transit, Schools, Shopping Nearby
Faces Near the Corner of Weber Street South and Allen Street East
Story 2
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick Veneer
New Construction No
Others
Senior Community No
Tax ID 223470046
Ownership Freehold/None
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