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

MLS® # 40794998
new listing
Investment For Sale In Willowdale, Waterloo, Ontario
$935,000
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
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196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
196 Allen Street E, Waterloo, ON
  • Advertising
196 Allen Street E, Waterloo, ON, N2J 1K1
$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

Building Features:

  • Floor Space: 2637 Square Feet

Property Features:

  • Acres Range: < 0.5
  • Basement: Full, Finished
  • Built in: 1958
  • Construction Materials: Brick Veneer
  • Cooling: None
  • Driveway Parking: Outside/Surface/Open
  • Floor Space (approx): 2637 Square Feet
  • Heating: Natural Gas, Radiant
  • Interior Features: Separate Hydro Meters
  • Laundry Features: Coin Operated, In-Suite
  • Lot Depth: 184.25 Feet
  • Lot Features: Rectangular, City Lot, Public Transit, Schools, Shopping Nearby
  • Lot Frontage: 50.00 Feet
  • Parking Features: Asphalt
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Zoning: R4
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 6

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 196 Allen Street E, Waterloo, ON, N2J 1K1

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

34 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

34 hot days expected in 2050

51/100

Moderate

ClimateCheck®

Current data

This property, 196 Allen Street E, experiences 7 hot days per year at around 30.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 34 hot days at 34.2 degrees Celsius.

Projected Avg. Temperature

Past
30.6℃
2050
34.2℃

# Hot Days Per Year

Past
7
2050
34

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 196 Allen Street E, experiences 11 significant 2-day storms per year, with about 319.6mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 396.3mm of precipitation per year.

Precipitation Per Storm

Past
319.6mm
2050
396.3mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 196 Allen Street E, Waterloo, ON, N2J 1K1

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$95,912.68

Average Number of Children

1.66

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.07 %

High school certificate or equivalent

23.75 %

Apprenticeship trade certificate/diploma

5.54 %

College/non-university certificate

19.16 %

University certificate (below bachelor)

1.59 %

University Degree

33.9 %

Commuter

Travel To Work

By Car

72.76 %

By Public Transit

11.3 %

By Walking

8.07 %

By Bicycle

0.19 %

By Other Methods

7.68 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

52.53 %

Houses

47.47 %

Own Vs. Rent

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