$799,900
115 ALLEN Street E
Beds
3
Baths
1
Sqft
—
Year
1923
Type
Single Family
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Waterloo. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
Welcome to this unique investment opportunity located at 115 Allen Street East in Waterloo, situated on an expansive 40' x 266' lot in the prime Mary Allen neighborhood. This 1,677 sq ft home offers significant potential for a custom build or a full renovation. The property is zoned Res-4 and features three bedrooms, one bathroom, separate living and dining rooms, and an unfinished attic. Additionally, the site includes ample parking and a large 16' x 30' garage/shop equipped with 240v set up for woodworking equipment, a partial basement and attic space. The location is highly connected, offering close proximity to Mary Allen Park, the Spur Line Trail, Google, Grand River Hospital, Uptown Waterloo, and Downtown Kitchener. This is a rare chance to unlock the full potential of a property in a rapidly growing community. Please contact me to schedule a viewing or for further information. (id:65958)
- Subtype
- Single Family
- Structure
- House
- Community
- 114 - Uptown Waterloo/North Ward
- Common interest
- Freehold
- Living area
- 1,677 square feet
- Bedrooms
- 3 above grade, 0 below grade
- Parking
- 6 total
- Stories
- 2.5
- On market
- Apr 27, 2026
- Status changed
- Apr 28, 2026
- Annual tax
- $5,598.65
- Zoning
- R4
- Photos
- 45
- MLS#
- 40824340
- Area
- WATERLOO
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Foundation
Community
Cash on cash
-6.67%
Cap rate
3.53%
GRM
16.7
Break-even rent
$4,936
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Waterloo. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 28, 2026.