Listed by Royal Lepage Wolle Realty.

196 Allen Street E is a Triplex, 2-Storey and is currently for Sale @ $935,000. Taxes in 2025 were $5,110.00.

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Income with Updates! This purpose-built, partially owner occupied triplex beckons for your immediate attention. The 2-Storey on 196 Allen Street E has 6 bedrooms, 3 bathrooms, and is located on a 184.25 x 50 ft loton < .50 acres in the community of . 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 address 196 Allen Street E was listed for sale (MLS# X12670632) on Wednesday, January 07, 2026.