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About the Listing KW348 - KWKW4598,KWKW5328
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.
Listing Highlights
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
- Air Cond:
- Heating: Natural Gas,Radiant
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 1929
- Below Ground Sq Ft: 708
- Basement: Full,Finished
- Other: Separate Hydro Meters
- Water: Municipal
Exterior Details
- Lot Description: 50.00 ft x 184.25 ft x 49.84 ft x 185.57 ft,Rectangular,City Lot,Public Transit,Schools,Shopping Nearby
- Garage Capacity: N/A
- Parking Spaces: 6
- Lot Dimensions: 50 x 184.25
- Zoning: R4
- Roof: Asphalt Shing
- Others:
- Sewer: Sewer (Municipal)
- Parking Features: Outside/Surface/Open,Asphalt
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 223470046
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
Questions About..
196 Allen St E Waterloo, ON N2J 1K1
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