196 Allen Street, Waterloo, ON
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Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of Waterloo. Expertly crafted featuring premium brick veneer construction, this residence presents an exceptional opportunity offered at $935,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 8 Bedrooms and 3 Bathrooms with 4 functional kitchens
- Generous living space spanning 1500-2000 sqft on a premium 50 x 184.25 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Separate Hydro Meter
- Efficient radiant heating via gas
Description
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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.
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Property Summary
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This triplex located at 196 Allen Street, Waterloo is currently for sale and has been available on SousaSells for 251 days. This property is listed at $935,000 with an estimated mortgage of $3,112* per month. It has 8 beds, 3 bathrooms, and is 1500-2000 square feet. 196 Allen Street, Waterloo
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Yes! Featuring 8 bedrooms and 3 bathrooms, this home offers ample space and comfort for growing families in Waterloo.
- •8 spacious bedroom layout offering versatile living space
- •3 well-appointed bathrooms
- •1500-2000 sqft of generous functional square footage
Growing families needing multi-bedroom flexibility and space in Waterloo.
Key Features
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Additional Details
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Property Details
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Parking & Garage
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Heating & Cooling
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Features
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Property Features
- School
- Public Transit
Interior Features
- Separate Hydro Meter
Security Features
None listed
Community Features
None listed
Property History
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No historical data available for this property.
This could be the first listing for this address.
What is your house worth in Waterloo?
This property at 196 Allen Street, Waterloo, ON has closed. If you own a home on this street or nearby in Waterloo, recent market trends and verified sold prices directly determine your home equity.
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Frequently Asked Questions about 196 Allen Street, Waterloo, ON
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Q.What is the asking price for 196 Allen Street, Waterloo, ON ?
The current listing price for 196 Allen Street, Waterloo, ON in Waterloo is $935,000.
Q.How many bedrooms and bathrooms does this property have?
This property features 8 bedrooms and 3 bathrooms across approximately 1500-2000 sqft.
Q.What property type and architectural style is 196 Allen Street, Waterloo, ON ?
196 Allen Street, Waterloo, ON is a Triplex (2-Storey) featuring a Full basement.
Q.What key property features does 196 Allen Street, Waterloo, ON offer?
Key property features include: School, Public Transit.
Q.What interior features are included in this home?
Interior highlights include: Separate Hydro Meter.
Q.Is parking available at this property?
Yes, this property offers parking space for 6.0 vehicles (None).
Q.What heating and cooling systems are installed?
Heating is provided via Gas and cooling via None.
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Neighborhood Safety & Crime Analytics
Waterloo, Waterloo
8 assaults (30.0/100k)
8 B&E (30.0/100k)
10 thefts (35.0/100k)
Improving vs previous year
Formula: (Annual Occurrences / Population) × 100,000. This standard policing calculation normalizes incident frequencies across different population sizes, allowing accurate safety comparisons between quiet residential pockets and dense urban centres.
Disclaimer: Crime and safety analytics are compiled from official municipal and regional police open data records for general consumer informational and demographic research purposes only. Data is deemed reliable but is not guaranteed and does not constitute a legal representation or guarantee of future safety.
Pricing & Value Insights
Data-driven valuation for 196 Allen Street E, Waterloo, ON N2J 1K1
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Based on 0 recent similar sales in the pocket.
Properties in this area are selling at a steady pace.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.
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