199 Ahrens Street W , Kitchener, ON N2H 4E1
Kitchener, ON N2H 4E1
Description
Prime investment opportunity with this very well maintained 16-unit apartment building, ideally situated on a 0.436-acre lot in a peaceful residential neighborhood. This purpose-built complex features a diverse unit mix, including three spacious 3-bedroom/1-bath units, twelve 2-bedroom/1-bath units, and one 1-bedroom/1-bath unit. The property presents substantial potential for revenue growth. Investors can capitalize on additional income streams through the introduction of parking fees, utility recapture, and rent increases upon unit turnover. Moreover, building permits are pending to add four net new units by reconfiguring the lower level’s three bed, one bed, laundry and storage room into eight one bed units, significantly boosting rental income. Six of the units have already undergone complete renovations, featuring modern upgrades such as new flooring, kitchens, bathrooms, breaker panels, and the addition of dishwashers and in-suite laundry.
Details
| MLS# | 40640163 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 35 |
| Listing Provided By | RE/MAX REAL ESTATE CENTRE INC. | Terry Riddoch |
Features
| Bed(s) | 29 |
|---|---|
| Bath(s) | 18 |
| SQ Feet | 11,309 |
| Basement | Y |
| Story(s) | 3 |
| Units | 16 |
| Zoning | R5 |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Waterloo |
| City | Kitchener |
| Postal Code | N2H 4E1 |
| Area | 2 Kitchener East |
| Subarea | 212 Downtown Kitchener | East Ward |
| Community Name | 212 Downtown Kitchener/East Ward |
| Listing VS Median (in 212 Downtown Kitchener/East Ward) | |
Price: $3,795,000 low | high Med: $288,575 SqFt: 11,309 low | high Med: 463 $ / SqFt: $336 low | high Med: $630 On Site: 35 low | high Med: 47.500000 | |
