193 Mary Street

Excellent investment opportunity. This licensed Tri-plex is situated in the desirable Mary Allen neighbourhood in the heart of Waterloo. Only a 3-minute walk to Allen Street LRT Station. Close to many favourite amenities including the Bauer Kitchen, Vincenzo’s grocery store, the Iron Horse Trail and all the shops, restaurants and retail in Uptown Waterloo. It is legally licensed, renovated well-maintained with lots of curb appeal and lovely, landscaped gardens out front. Each unit has its own in-suite laundry. Individual entryways to units, currently the owner lives in Unit B which has 3-bedrooms, the other 2 units are long-term tenants, and each have 2-bedrooms. Some of the more recent improvements include eave troughs in 2020, 100-amp panel 2021, new laundry machines in unit A, water softener 2021, 3 owned water heaters in 2019. Smoke / CO2 detectors are hard wired & interconnected and they were all purchased in 2018. The backyard is fully fenced and has a paved yard with parking for 8 cars. Two spots currently rented to downtown workers with potential for more. Many more renovations and improvements throughout the building and in each unit. If you are seeking an solid investment property or a place to reside while having rental income, this is a fantastic opportunity.