196 Allen Street E
Waterloo, ON N2J 1K1
- 6+2Bedrooms
- 3Bathrooms
- 6Parking
- 1500–2000Sq Ft
- $5,110Tax
- 50×184 ftLot Size
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Free Home EvaluationHow Much Is My Home Worth?Homes for Sale NearbySale & Price History for 196 Allen Street E, Waterloo
| Start Date | End Date | Price | Event | MLS# |
|---|---|---|---|---|
| 2026-01-07 | 2026-02-02 | Login to See Prices | Sold | x12670632 |
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*Sold prices and complete sale & price history are regulated data. Under the Trust in Real Estate Services Act, 2002 (TRESA) and the rules of the Real Estate Council of Ontario (RECO), and pursuant to the Multiple Listing Service® rules of the Canadian Real Estate Association (CREA) and the Toronto Regional Real Estate Board (TRREB), this information may be shown only to registered users who have agreed to the applicable terms of use (a Virtual Office Website, or "VOW," arrangement). HOMEH Inc., Brokerage therefore provides it to signed-in members only. Creating an account is free and takes under a minute.
About 196 Allen Street E, Waterloo
Summarized Description
- Partially owner-occupied triplex with strong rental income.
- Recent renovations include kitchens and bathrooms.
- City-approved rental licenses ensure legal operation.
- Located near Uptown Waterloo and public transit.
- Turnkey investment opportunity with immediate cash flow.
- Potential to increase income by renting owner-occupied unit.
- Major capital expenditures completed recently for added value.
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.
Key Facts & Features
Property Costs
- Annual Property Tax Amount
- $5,110
- Land Transfer Tax Fee
- $15,175
Rental Items
- Rental Equipment
- Hot Water Heater, Water Softener
- Under Contract
- Hot Water Heater
- Basement Type
- Full
Interior Features
- Interior Extras
- Separate Hydro Meter
- Fireplace/Stove
- No
- Elevator
- No
Exterior Features
- Pool
- None
- Property Features
- School, Public Transit
- Other Structures
- Shed
Building
- Building Type
- Multiplex
- Building Style
- 2-Storey
- Approx Age
- 51-99
Construction
- Exterior Finish
- Brick Veneer
- Roof
- Asphalt Shingle
- Foundation Details
- Concrete
- Special Designation
- Unknown
Lot
- Lot Front
- 50.00 ft
- Lot Depth
- 184.25 ft
- Lot Size
- 0.21
- Lot Shape
- Rectangular
Inclusions
- Inclusions
- 3 fridges, 3 stoves, 1 stackable washer, 1 stackable dryer, 1 coin operated dryer, 1 washer, 3 dishwashers
Exclusions
- Exclusions
- Tenants' Possessions
Parking & Garages
- Garage Type
- None
- Garage Spaces
- 3
- Parking Spaces
- 3
- Total Garage And Parking Spaces
- 6
Heating & Cooling
- Heat Source
- Gas
- Heat Type
- Radiant
- Air Conditioning
- None
- Water
- Municipal
- Sewers
- Sewer
- Bedrooms
- 6 + 2
- Washrooms
- 3
- Kitchens
- 4
Room sizes
- Kitchen—Lower level
- Living Room—Lower level
- Bedroom—Lower level
- Primary Bedroom—Lower level
- Bathroom—Lower level
- Kitchen—Main level
- Living Room—Main level
- Dining Room—Main level
- Foyer—Main level
- Primary Bedroom—Main level
- Bedroom—Main level
- Bathroom—Main level
- Kitchen—Second level
- Living Room—Second level
- Dining Room—Second level
- Foyer—Second level
- Primary Bedroom—Second level
- Bedroom—Second level
- Bathroom—Second level
- Laundry—Lower level
Washrooms
- 4-piece, Lower
- 4-piece, Main
- 4-piece, Second
- Municipality
- Waterloo
- Main cross streets
- Weber Street South and Allen Street East
- Zoning
- R4
- Directions
- Near corner of Weber Street South and Allen Street East.
- MLS® number
- X12670632
- Data source
- Toronto Regional Real Estate Board
- Status change
- 2026-02-02
- Listed on
- 2026-01-07
- Days on market
- 26 days
- Possession type
- Flexible
- Co-op commission
- 2,0% + HST
- Seller
- Listed by
- ROYAL LEPAGE WOLLE REALTY
Home Market Value
Current home valuation for 196 Allen Street E, Waterloo, , . Listed for $935,000
HOMEH Estimate
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Estimated Sales Range
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HOMEH Estimate for 196 Allen Street E, Waterloo
Calculated with a real agent's CMA method — 45+ years of experience, codified. Not an AI guess.
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Mortgage Payment Calculator
Compare up to 4 down payment scenarios
5% on first $500K + 10% on $435,000 over $500K
$68,500
| Scenario 1 | Scenario 2 | Scenario 3 | Scenario 4 | |
|---|---|---|---|---|
−Down payment | % $ | % $ | % $ | % $ |
+CMHC insurance | $34,632 | $26,087 | $22,253 | $0 |
=Total mortgage | $900,442 | $867,587 | $817,003 | $748,000 |
Amortization | ||||
Mortgage rate | % | % | % | % |
| Payment frequency | ||||
=Mortgage payment | $4,396monthly | $4,236monthly | $3,989monthly | $3,652monthly |
Land Transfer Tax
$15,175
$15,175
Around this home
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