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196 ALLEN Street E
114 - Uptown Waterloo/North Ward Waterloo N2J 1K1

$935,000
Multi-family beds: 6 baths: 3.0 2,637 sq. ft. built: 1958

Main Photo: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
Photo 1: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
Photo 2: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
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Photo 40: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
Status:
Active
Prop. Type:
Multi-family
MLS® Num:
40794998
Bedrooms:
6
Bathrooms:
3
Year Built:
1958
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. (id:2493)
Property Type:
Multi-family
Common Interest:
Freehold
Property Attached:
Yes
Total Living Area:
2,637 sq. ft.
Finished Area Above Grade:
1,929 sq. ft.
Zoning:
R4
Taxes:
$5,093.41 / -
Community:
114 - Uptown Waterloo/North Ward
Exterior Features:
Brick Veneer
Structure Type:
Triplex
Bedrooms:
6
Bathrooms:
3.0
Cooling:
None
Fireplace:
No
Foundation:
Poured Concrete
Heating:
Radiant heat, Natural gas
# Storeys:
2.0
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
Finished, Full
Lot Frontage:
50'
Lot Size:
9,148 sq. ft.
Lot Details:
0.21
Lot Features:
Paved Driveway, Laundry- Coin operated
Total Parking Spaces:
6
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  • Photo 3: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Snow covered property entrance with covered porch and brick siding
  • Photo 4: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Snow covered house with a chimney and brick siding
  • Photo 5: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Snow covered property featuring brick siding
  • Photo 6: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Back of property with brick siding and stairs
  • Photo 7: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Three Drive Way Parking Spots
  • Photo 8: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Snow covered back of property featuring a chimney and brick siding
  • Photo 9: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Note Three Surface Parking Spots
  • Photo 10: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    View of front of home with brick siding
  • Photo 11: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    View of front of home with brick siding
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  • Photo 13: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Living room with light wood finished floors and baseboards
  • Photo 14: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Living room with baseboards
  • Photo 15: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Kitchen featuring a baseboard radiator, white cabinetry, light wood-style flooring, and white appliances
  • Photo 16: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Kitchen with white range with electric stovetop, baseboard heating, white cabinetry, and under cabinet range hood
  • Photo 17: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Kitchen featuring white appliances, white cabinets, under cabinet range hood, butcher block counters, and baseboard heating
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  • Photo 19: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Using as Office
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  • Photo 24: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Kitchen featuring white appliances, a baseboard heating unit, and white cabinetry
  • Photo 25: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Eat in Kitchen with light wood-type flooring
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  • Photo 27: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Bedroom with wood finished floors, a baseboard heating unit, and a ceiling fan
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  • Photo 33: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Bedroom featuring light colored carpet
  • Photo 34: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Bedroom with wood finished floors, a ceiling fan, a baseboard heating unit, and a desk
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  • Photo 36: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Laundry area with water heater and independent washer and dryer
  • Photo 37: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Unit 1 - Lower Unit
  • Photo 38: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Unit 2- Second Floor
  • Photo 39: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Unit 3 - Third Floor
  • Photo 40: 196 ALLEN Street E in Waterloo: Multi-family for sale : MLS®# 40794998
    Mechanical Room/Floor Plan

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Listed by Royal LePage Wolle Realty
Data was last updated January 8, 2026 at 01:45 PM (UTC)
Area Statistics
Listings on market:
11
Avg list price:
$799,900
Min list price:
$699,900
Max list price:
$9,999,000
Avg days on market:
78
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.

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