196 Allen Street E

196 Allen Street E
196 Allen Street E
196 Allen Street E
+37
6
 bed
3
 bath
6
 parking
1929
 sqft
Multiplex
* This unit size is calculated from property.ca data
$935,000
Instant Estimate Not Available
For Sale
1 day
 on site
$935,000
Instant Estimate Not Available
* This unit size is calculated from property.ca data
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Size
1929 sqft
Lot size
-
Street frontage
-
Possession
-
Price per sqft
$485
Taxes
$5,093.41 (2025)
Parking Type
-
Style
Other
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Description
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.
Broker: Royal LePage Wolle Realty
MLS®#: 40794998
Property details
Parking:
6
Parking type:
-
Property type:
Multiplex
Heating type:
Natural Ga
Style:
Other
MLS Size:
1929 sqft
Lot front:
50 Ft
Lot depth:
184 Ft
Listed on:
Jan 7, 2026
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Instant estimate:
Not Available

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About 196 Allen Street E

196 Allen Street E is a Waterloo multiplex for sale. It has been listed at $935000 since January 2026. This 1929 sqft multiplex has 6 beds and 3 bathrooms.

For groceries or a pharmacy you'll likely need to hop into your car as there is not much near this multiplex.

Living in this multiplex is easy. There is also Weber / Allen Bus Stop, a short walk, with route Weber nearby.

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