$ 912,000 $935,000
196 Allen Street East
VT
University Supermarket

196 Allen Street East

Triplex
Waterloo, Ontario N2J 1K1
6+2 3 3+1 0+3(6) 1500-2000 sqft
6+2 3 3+1 0+3(6)
1500-2000 sqft
$ 912,000
Sold
$ 935,000 Down -2.46%
Taxes $5,110 2025
Maintenance Contact Agent
Estimated Monthly Mortgage $2367
Estimated Closing Costs $--
University Supermarket

History

MLS®# X12670632

MLS®# X12670632

2026.01.31 Sold (-$23,000) $912,000
2026.01.23 Sold Cond. $935,000
2026.01.07 New $935,000

Details

Interior Rooms
MLS®#
copy
Type
Triplex
Style
2-Storey
Age
51-99
Size (sqft)
1500-2000
Lot Size
50 × 184.25 Feet
Parking
6 Total Parking Spaces
0 None Garage
3 Parking Spaces
Last Update
2026-02-02
Possession Date
Flexible
Listing Date
2026-01-07
Basement
Full
Fireplace
N
Heating
Gas
Pool
None
Air Conditioning
None
Broker
ROYAL LEPAGE WOLLE REALTY
Room(s) Stories
Length x Width ( Size )
Descriptions
Kitchen Lower
8.8ft x 13.5ft (119 ft2 ) 2.69m x 4.11m (11.1 m2 )
Living Room Lower
12.3ft x 13.4ft (164.7 ft2 ) 3.74m x 4.09m (15.3 m2 )
Bedroom Lower
9.8ft x 9.9ft (97.2 ft2 ) 2.98m x 3.03m (9 m2 )
Primary Bedroom Lower
11.9ft x 10ft (119.9 ft2 ) 3.64m x 3.06m (11.1 m2 )
Bathroom Lower
4.9ft x 6.9ft (33.7 ft2 ) 1.49m x 2.1m (3.1 m2 )
Kitchen Main
12.2ft x 12.9ft (157.8 ft2 ) 3.73m x 3.93m (14.7 m2 )
Living Room Main
10.9ft x 12.8ft (138.6 ft2 ) 3.31m x 3.89m (12.9 m2 )
Dining Room Main
8.3ft x 12.8ft (105.5 ft2 ) 2.52m x 3.89m (9.8 m2 )
Foyer Main
13.5ft x 3.9ft (52.2 ft2 ) 4.11m x 1.18m (4.8 m2 )
Primary Bedroom Main
13.1ft x 11.1ft (144.4 ft2 ) 3.98m x 3.37m (13.4 m2 )
Bedroom Main
4.9ft x 7.6ft (37.5 ft2 ) 1.5m x 2.32m (3.5 m2 )
Bathroom Main
4.9ft x 7.6ft (37.5 ft2 ) 1.5m x 2.32m (3.5 m2 )
Kitchen Second
12.3ft x 12.9ft (158.2 ft2 ) 3.74m x 3.93m (14.7 m2 )
Living Room Second
13.4ft x 12.9ft (172.6 ft2 ) 4.09m x 3.92m (16 m2 )
Dining Room Second
5.6ft x 12.9ft (72.6 ft2 ) 1.72m x 3.92m (6.7 m2 )
Foyer Second
13.6ft x 3.9ft (53.3 ft2 ) 4.16m x 1.19m (5 m2 )
Primary Bedroom Second
13.1ft x 11ft (143.5 ft2 ) 3.98m x 3.35m (13.3 m2 )
Bedroom Second
4.9ft x 7.6ft (37.3 ft2 ) 1.5m x 2.31m (3.5 m2 )
Bathroom Second
4.9ft x 7.6ft (37.3 ft2 ) 1.5m x 2.31m (3.5 m2 )
Laundry Lower
12.9ft x 10ft (129 ft2 ) 3.93m x 3.05m (12 m2 )

About

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. 3 fridges, 3 stoves, 1 stackable washer, 1 stackable dryer, 1 coin operated dryer, 1 washer, 3 dishwashers

The MLS® mark and associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.
The REALTOR® trademark is controlled by The Canadian Real Estate Association (CREA) and identifies real estate professionals who are members of CREA.

Investment Analysis

Estimated Monthly Costs
--
per month
Estimated Closing Costs
--
Property Tax $5,110 2025 year

Schools

JK - Grade12 University/College

Elementary (JK-G8)

Fraser Rank(2018) 1348 / 3052 English
English
Fraser Rank(2018) 1210 / 3052
Fraser Rank(2018) 2026 / 3052 Catholic English
Fraser Rank(2018) 532 / 3052 Catholic English
Fraser Rank(2018) 993 / 3052 Catholic French

Secondary (G9-G12)

Fraser Rank(2023) 220 / 747 Secondary English AP
Fraser Rank(2023) 86 / 747 Secondary Catholic English AP
Fraser Rank(2023) 238 / 747 Secondary Catholic English AP
Fraser Rank(2023) 367 / 747 Secondary Catholic English AP
Conestoga College - Waterloo Campus 1.5 km
108 University Avenue East, Waterloo, Ontario N2J 2W2
(519)885-0300
Wilfrid Laurier University - Martin Luther University College 1.7 km
75 University Ave W, Waterloo, ON N2L 3C5
(519)884-0710ext3234
Wilfrid Laurier University - Main Campus 1.7 km
75 University Ave W, Waterloo, ON N2L 3C5
(519)884-1970

Neighbourhood

Go Train Groceries
Kitchener Go Train Line:Kitchener 1.9 km
T&T Supermarket 2.4 km
50 Westmount Road, Waterloo, ON

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