199 AHRENS Street W Active

Kitchener,ON N2H4E1

$ 3595000

29 Beds

18 Baths

11309 SqFt


Key Details

Property Type Multi-Family

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 11,309 sqft

Price per Sqft $317

Subdivision 212 - Downtown Kitchener/East Ward

MLS Listing ID 40640163

Bedrooms 29

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

Parking Features No

View Y/N No

Building

Story 3

Sewer Municipal sewage system

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