28 Allen Street E

About this Property

Exceptional Investment Opportunity in Uptown Waterloo – Mary-Allen Neighbourhood! Attention Investors, Developers, Renovators, and Buyers Looking for a Property with Outstanding Potential! Situated in the highly desirable Mary-Allen neighbourhood of Uptown Waterloo, this spacious property offers over 4,000 sq. ft. of living space across multiple units, presenting an exciting opportunity for investors seeking to create a strong income-generating property. Adding even more value and potential is a separate coach house at the rear of the property, which also requires renovation but offers the possibility of an additional rental income stream once completed, subject to applicable approvals. The property boasts a fantastic location, just steps from Uptown Waterloo’s restaurants, shops, public transit, and everyday amenities. With its generous living space, multiple-unit configuration, and additional coach house, the possibilities here are substantial. While the property requires significant renovation and vision, the opportunity to unlock its full potential is undeniable. Whether you’re looking to renovate and hold, expand your rental portfolio, or explore its multi-family possibilities, this is a rare opportunity in a highly sought-after neighbourhood. Bring your vision, your creativity, and your contractor. This is an opportunity to transform a property with tremendous potential into an exceptional investment! Don’t miss your chance to capitalize on this unique Uptown Waterloo opportunity!

Listing Details

MLS #

40877150

Board

ITSO

Market

ontario

Property Type

Single Family Residence

Style

Traditional

Year Built

1897

Garage Spaces

1

Parking Spaces

2

Basement

Full, Unfinished

Heating

Natural Gas, Water

Cooling

Other

Lot Size

0.00 × 57 ft

Annual Taxes

$6,590/yr

Listed By

Royal Lepage Wolle Realty

Presented By

REMAX Hallmark®

Listed On

November 7, 2026

Days on Market

0

Features & Extras