199 Allen Street
Waterloo, N2J 1J9
FOR SALE
$770,000
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3 + 2
BEDROOMS 2
BATHROOMS 1 + 1
KITCHENS 6 + 4
ROOMS X13670510
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Property Description
Certified Legal Basement Apartment/In law suite/Detached raised Bungalow/Separate Entrance/ Immediate Possession/ Investors & first time buyers Incredible, competitively-priced opportunity in sought-after Uptown Waterloo! Detached raised bungalow featuring a certified legal basement apartment with separate entrance and full kitchen - an ideal in-law suite, mortgage helper, or income-generating rental unit. Bright basement thanks to raised-bungalow design. Shares one set of utilities with the main floor. Vacant and available for immediate possession. Main Floor: Breakfast bar, backsplash, stainless-steel appliances.Primary bedroom with walk-out to deck. 3 bedrooms, 1 bath. Legal Basement Apartment: Full kitchen, separate entrance, walk-out to garage. 2 bedrooms, 1 bath. Parking: 1 garage + 2 driveway spaces (3 total). Lot: 50' x 151' - deep lot with future potential. Recent Updates: 2 brand new washrooms (2026). Upstairs Rang hood & stove (2026). Fresh paint (2026). Dishwasher (2025). Water softener (2025, owned). Fridge (2021). Laundry pair (2021). Roof approx. 7 years. Most windows updated 2020. Tankless water heater (owned). Furnace (Brand new Rented - 2025) and A/C unit in good working condition. Unbeatable location - minutes to Uptown Waterloo, Conestoga College, University of Waterloo, Wilfrid Laurier University, shopping, and public transit. Perfect for investors, multi-generational families, or buyers looking to live upstairs while the basement apartment helps cover the mortgage.
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Property Features
Hospital, Library, Park, Public Transit, School, Carpet Free, Water Softener, Private, Smoke Detector
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Property Details
Address
199 Allen Street
City
Postal Code
N2J 1J9
Property Type
Duplex, Detached
Lot Size
50' x 151'
Taxes
$4,855 (2026
Basement
Separate Entrance, Finished
Exterior
Deck
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
Attached
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Listing contracted with Homelife/Miracle Realty Ltd
Welcome to this newly renovated (2025) legal duplex in the desirable lakeshore neighbour hood, totalling $150,000+ spent, perfect formultigeneration families and investors. The house was gutted to the studs (except upper bedrooms) in 2025, with brand new electrical,plumbing, framing, drywall, new separate electric panel, windows, sliding back door, deck, gutter, appliances, water heater, water purifier, sumppump, foundation water proofing and more! Lower unit (two bedrooms one bath) has walkin access from the garage, and the second walk upentrance (2025) to the yard, with enlarged looking out windows. Treed private yard is waiting for your personal touch. All equipment owned norental. Plumbing and electrical ready to place a dishwasher to upper kitchen island. Basement brings in 1650 Plus Utilities monthly (2025) while Main level brings in 2600 inclusive of Utilities montly in 2025. Live in one of the unit and rent the other as mortgage helper, or rent both and enjoy positivecashflow and easy maintenance. This duplex is conveniently located within walking distance to University of Waterloo, and along bus route toboth universities, shopping and other amenities.
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VACANT POSSESSION Effective October 1st Ideally located short commute to the University of Waterloo, Wilfrid Laurier University, and Conestoga College. With easy access to public transit. Boasting a license for 6 students. (3 up and 3 Down) The upper floor offers 3 Bedrooms and 1 Bath, a large kitchen and well appointed living room/dining room with a walk out from the dining area to a large Deck and its own laundry. Lower level has its own separate entrance complete with 3 Bedrooms and 1 bath and its own laundry as well. There is a single car garage with double wide driveway, all located on a spacious corner lot with a full size backyard. A great investment property!!!
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