196 E Allen Street
Waterloo
N2J 1K1
$935,000
Residential Income
beds: 6
baths: 3.0
2,637 sq. ft.
built: 1958
- Status:
- Active
- Prop. Type:
- Residential Income
- MLS® Num:
- 40794998
- Bedrooms:
- 6
- Bathrooms:
- 3
- Year Built:
- 1958
- Photos (40)
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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.
- Property Type:
- Residential Income
- Property SubType:
- Multi-3 Unit
- Year built:
- 1958 (Age: 68)
- Listing General Location:
- 114 - Uptown Waterloo/North Ward, 1 - Waterloo East
- Bedrooms:
- 6
- Bathrooms:
- 3.0 (Full:-/Half:-)
- Lot Size:
- 9,148 sq. ft.
- Lot Details:
- 50 x 184.25
- Lot Depth:
- 184'3"
- Lot Frontage:
- 50'
- Frontage Type:
- North
- Lot Shape:
- 50.00 ft x 184.25 ft x 49.84 ft x 185.57 ft
- Kitchens:
- 0
- County Or Parish:
- Waterloo
- Taxes:
- Signup
- Features:
- Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
- Construction:
- Brick Veneer
- Basement:
- Full, Finished
- Foundation:
- Poured Concrete
- Roof:
- Asphalt Shing
- Number of Storeys:
- 2
- Number of Buildings:
- 0
- Total Floor Area:
- 2,637 sq. ft.
- Finished Area Above Grade:
- 1,929 sq. ft.
- Finished Area Below Grade:
- 708 sq. ft.
- Fireplace:
- false
- Laundry Features:
- Coin Operated, In-Suite
- Water Supply:
- Municipal
- Water Meter:
- Yes
- Sewer:
- Sewer (Municipal)
- Cooling:
- None
- Heating:
- Natural Gas, Radiant
- Age Electric:
- 2025
- Age Furnace:
- 2012
- Age Tank:
- 2020
- Other,3 Fridges, 3 Stoves, 3 Dishwashers, 1 Coin Operated Dryer, 1 Washer, 1 Stackable Washer, 1 Stackable Dryer
- Dishwasher, Dryer, Refrigerator, Stove, Washer
- Tenants' Possessions, Rental Water Heater, Rental Water Softener
- Separate Hydro Meters
- false
- No
- Near the Corner of Weber Street South and Allen Street East
- Easement
- No
- HST Applicable To Sale Price:
- No
- Association Fee:
- Signup
- Association Fee Frequency:
- Signup
- Association Fee 2:
- Signup
- Association Fee 2 Frequency:
- Signup
- Administrative Fee:
- Signup
- Features:
- Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
- Road Access Fee:
- Signup
- Insurance Expense:
- $2,739.34
- Snow Garbage Expense:
- $2,354.61
- Leases:
- Yes
- Under Contract Costs Monthly:
- $91.92
- Zoning:
- R4
- Total Acres:
- 0.21
- Lot Site Features:
- Rectangular, City Lot, Public Transit, Schools, Shopping Nearby
- Features:
- Attached Garage: No, Crops Included: No, Garage: No, New Construction: No
- Parking:
- Asphalt
- # Of Total Parking Spaces:
- 6.0
- # Of Open Parking Spaces:
- 3.0
- Driveway Parking:
- Outside/Surface/Open
- Licensed Dwelling:
- Yes
- Num Apartment Units:
- 0
- Num Bachelor Units:
- 0
- Num Efficiency Units:
- 0
- Num Loft Units:
- 0
- Num Other Units:
- 0
- Num Penthouse Units:
- 0
- Num Studio Units:
- 0
- Num Occupied Units:
- 3
- Total Units:
- Signup
- Listed Date:
- Jan 07, 2026
-
Photo 1 of 40 -
Photo 2 of 40
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Snow covered property entrance with covered porch and brick siding
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Snow covered house with a chimney and brick siding
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Snow covered property featuring brick siding
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Back of property with brick siding and stairs
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Three Drive Way Parking Spots
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Snow covered back of property featuring a chimney and brick siding
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Note Three Surface Parking Spots
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View of front of home with brick siding
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View of front of home with brick siding
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Photo 12 of 40
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Living room with light wood finished floors and baseboards
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Living room with baseboards
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Kitchen featuring a baseboard radiator, white cabinetry, light wood-style flooring, and white appliances
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Kitchen with white range with electric stovetop, baseboard heating, white cabinetry, and under cabinet range hood
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Kitchen featuring white appliances, white cabinets, under cabinet range hood, butcher block counters, and baseboard heating
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Photo 18 of 40
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Using as Office
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Photo 20 of 40
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Photo 21 of 40
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Photo 22 of 40
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Photo 23 of 40
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Kitchen featuring white appliances, a baseboard heating unit, and white cabinetry
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Eat in Kitchen with light wood-type flooring
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Photo 26 of 40
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Bedroom with wood finished floors, a baseboard heating unit, and a ceiling fan
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Photo 28 of 40
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Photo 29 of 40
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Photo 30 of 40
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Photo 31 of 40
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Photo 32 of 40
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Bedroom featuring light colored carpet
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Bedroom with wood finished floors, a ceiling fan, a baseboard heating unit, and a desk
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Photo 35 of 40
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Laundry area with water heater and independent washer and dryer
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Unit 1 - Lower Unit
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Unit 2- Second Floor
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Unit 3 - Third Floor
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Mechanical Room/Floor Plan
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Listed by Royal LePage Wolle Realty
Data was last updated January 8, 2026 at 03:50 PM (UTC)
Area Statistics
- Listings on market:
- 11
- Avg list price:
- $1,300,000
- Min list price:
- $699,900
- Max list price:
- $9,999,000
- Avg days on market:
- 85
- Min days on market:
- 1
- Max days on market:
- 162
- Avg price per sq.ft.:
- $365.42
These statistics are generated based on the current listing's property type
and located in
114 - Uptown Waterloo/North Ward. Average values are
derived using median calculations. This data is not produced by the MLS® system.
- Brian Santos
- Broker
- 519-404-9967
- Contact by Email
Quick Links
Contact Me
Cell: 519-404-9967
brian@grandlivingwr.com
RE/MAX Twin City Realty Inc.
83 Erb St W Waterloo, ON N2L 6C2