$750,000

$770,000For salePrice drop↓ $20,000 (3%)

199 Allen Street East, Waterloo - Single Family for Sale

199 Allen Street East, Waterloo, Ontario, N2J1J9

5 beds2 baths3 parking900 ft²50 × 151 ft (7,550 sq ft) lot sizeListed 84 days ago

Overview

This 5-bedroom, 2-bathroom home in Waterloo is for sale offering roughly 900 sq ft of space. Listed at $750,000, it is attractively priced about 14% below the $875,000 median asking price in Waterloo.

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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. (id:66096)

Property Details

MLS®: X13670510
Property Type: Single Family
Bedrooms: 5
Beds (above / below): 3 above · 2 below
Bathrooms: 2
Parking: 3
Interior Size: 900 ft²
Lot Size: 50 × 151 ft (7,550 sq ft)
Frontage: 50 ft
Storeys: 1
Style: Raised bungalow
Basement: Finished, Separate entrance, N/A, N/A
Heating: Forced air, Natural gas
Cooling: Central air conditioning
Garage: Attached Garage, Garage
Ownership: Freehold
Property Tax: $4,855.36/yr

Rooms

Main level

Living room: 3.38 x 5.51 meters
Dining room: 3.38 x 5.51 meters
Kitchen: 3.38 x 5.18 meters
Primary Bedroom: 3.77 x 3.04 meters
Bedroom 2: 3.04 x 2.77 meters
Bedroom 3: 3.04 x 3.04 meters

Lower level

Living room: 3.07 x 3.07 meters
Kitchen: 3.65 x 3.04 meters
Bedroom: 2.74 x 2.74 meters
Bedroom: 2.25 x 3.65 meters

Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.

Features

Appliances: All, Water softener, Water Heater - Tankless
Flooring: Laminate, Vinyl
Foundation: Block
Exterior: Brick
Lot Features: Carpet Free

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

84d

Waterloo listings, avg age

67d

Price / ft²

$833

List price

$750K

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Homes here sell close to asking price

Homes in this market sold for an average of 98.7 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.

Haho

This 5-bed single family in Waterloo is available now. Want me to connect you with the agent or keep you posted on any price updates?

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Listed by HOMELIFE/MIRACLE REALTY LTD · MILAN PATEL

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (N2J)

This home lists at $750,000, about 10.1× the local median household income of $74,500.

Carrying it typically needs a household income of about $146,501 (20% down, 25-yr amortization, stress-tested) — roughly 97% above the area median.

Median household income: $74,500
Population: 20,899
Median age: 36.8
Owner / renter: 53% / 47%
Avg. household size: 2.2

Source: Statistics Canada, 2021 Census (FSA N2J)

$750,000· $833/ft²

For sale

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Full Cost Breakdown

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Down Payment6.67% · $50,000

Min 6.67%50%

Mortgage payment$3,881/mo

↳ CMHC premium ($28,000 capitalized)

Property tax (est.)$405/mo

Total monthly$4,286

Cash Needed to Close

Down payment (6.67%)$50,000

Land transfer tax$11,475

Est. closing costs$4,750

Total cash needed$66,225

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Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice