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199 ALLEN STREET E, Waterloo — listed at $750,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
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:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 3.38 x 5.51 meters |
| Dining room | Main level | 3.38 x 5.51 meters |
| Kitchen | Main level | 3.38 x 5.18 meters |
| Primary Bedroom | Main level | 3.77 x 3.04 meters |
| Bedroom 2 | Main level | 3.04 x 2.77 meters |
| Bedroom 3 | Main level | 3.04 x 3.04 meters |
| Living room | Lower level | 3.07 x 3.07 meters |
| Kitchen | Lower level | 3.65 x 3.04 meters |
| Bedroom | Lower level | 2.74 x 2.74 meters |
| Bedroom | Lower level | 2.25 x 3.65 meters |
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
Does it have a basement, and is it finished?+
Yes — Finished, Separate entrance, N/A, N/A. A finished basement adds meaningful living space beyond the listed square footage.
Could this work as an investment property?+
The basement description mentions: Finished, Separate entrance, N/A, N/A. If it has a separate entrance, there may be rental income potential — but verify zoning and whether a legal second unit is permitted in Waterloo before counting on it.
Is there air conditioning?+
Yes — central air conditioning cooling is in place.
What's the parking situation?+
This property includes 3 spaces — Attached Garage, Garage.
Is 199 ALLEN STREET E a good fit for a growing family?+
With 5 bedrooms and 2 bathrooms, there's room for kids plus a guest room or home office.
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