Kitchener, ON N2H4E1,199 AHRENS Street W
Kitchener, ON N2H4E1,199 AHRENS Street W
Kitchener, ON N2H4E1,199 AHRENS Street W
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$3,795,000
Est. payment /mo
29 Beds
18 Baths
11,309 SqFt

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 11,309 sqft

Price per Sqft $335

Subdivision 212 - Downtown Kitchener/East Ward

MLS® Listing ID 40640163

Bedrooms 29

Originating Board Cornerstone - Waterloo Region

Property 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. (id:24570)

Location

Province ON

Interior

Heating Radiant heat,

Cooling None

Exterior

Garage No

Waterfront No

View Y/N No

Total Parking Spaces 16

Private Pool No

Building

Story 3

Sewer Municipal sewage system

Others

Ownership Freehold


Read Less Info
Powered by: REALTOR.ca
Listed by RE/MAX REAL ESTATE CENTRE INC.

GET MORE INFORMATION

Mark Belanger

+1(613) 302-6869

Agent | License ID: 5044631

Agent License ID: 5044631

Name

Phone*

Message

By registering you agree to our Terms of Service & Privacy Policy. Consent is not a condition of buying a property, goods, or services.