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$935,000
Available - For Sale
Listing ID: X12670632
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.
Price $935,000
Taxes: $5,110
Assessment Year: 2025
Occupancy by: Owner+T
Address: 196 Allen Street East , Waterloo, N2J 1K1, Waterloo
Acreage: < .50
Directions/Cross Streets: Weber Street South and Allen Street East
Rooms: 14
Rooms +: 5
Bedrooms: 6
Bedrooms +: 2
Washrooms: 3
Family Room: F
Basement: Full
  Level/Floor Room Length(ft) Width(ft) Descriptions
Room 1: Lower Kitchen 13.48 8.82
Room 2: Lower Living Ro 13.42 12.27
Room 3: Lower Bedroom 9.94 9.77
Room 4: Lower Primary B 10.04 11.94
Room 5: Lower Bathroom 6.89 4.89
Room 6: Main Kitchen 12.89 12.23
Room 7: Main Living Ro 12.76 10.86
Room 8: Main Dining Ro 12.76 8.27
Room 9: Main Foyer 3.87 13.48
Room 10: Main Primary B 11.05 13.05
Room 11: Main Bedroom 7.61 4.92
Room 12: Main Bathroom 7.61 4.92
Room 13: Second Kitchen 12.89 12.27
Room 14: Second Living Ro 12.86 13.42
Room 15: Second Dining Ro 12.86 5.64
No. of Pieces Level
Washroom 1:  4 Lower
Washroom 2:  4 Main
Washroom 3:  4 Second
Washroom 4:  0
Washroom 5:  0 Lower
Washroom 6:  4 Lower
Washroom 7:  4 Main
Washroom 8:  4 Second
Washroom 9:  0
Washroom 10:  0 Lower
Washroom 11:  4 Lower
Washroom 12:  4 Main
Washroom 13:  4 Second
Washroom 14:  0
Washroom 15:  0 Lower
Property Type: Triplex
Style: 2-Storey
Exterior: Brick Veneer
Garage Type: None
(Parking/)Drive: Private Do
Drive Parking Spaces: 3
Park #1
Parking Type: Private Do
Park #2
Parking Type: Private Do
Park #3
Parking Type: Other
Pool: None
Other Structures: Shed
Approximatly Age: 51-99
Approximatly Square Footage: 1500-2000
Property Features: School
Public Transit
CAC Included: N
Water Included: N
Cabel TV Included: N
Common Elements Included: N
Heat Included: N
Parking Included: N
Condo Tax Included: N
Building Insurance Included: N
Fireplace/Stove: N
Heat Type: Radiant
Central Air Conditioning: None
Central Vac: N
Laundry Level: Syste
Ensuite Laundry: F
Sewers: Sewer
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ROYAL LEPAGE WOLLE REALTY

196 Allen Street East , Waterloo, N2J 1K1, Waterloo

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MD Ashraful Bari
Broker
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647.406.6653
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905.201.9977
Fax:
905.201.9229

 
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Type: Freehold - Triplex
Area: Waterloo
Municipality: Waterloo
Neighbourhood: Dufferin Grove
Style: 2-Storey
Lot Size: x 184.25(Feet)
Approximate Age: 51-99
Tax: $5,110
Maintenance Fee: $0
Beds: 6+2
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
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Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229

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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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