ON > Kitchener > 212 - Downtown Kitchener-East Ward
Kitchener, ON N2H4E1,199 AHRENS Street W
Kitchener, ON N2H4E1,199 AHRENS Street W
Kitchener, ON N2H4E1,199 AHRENS Street W
Kitchener, ON N2H4E1,199 AHRENS Street W
Kitchener, ON N2H4E1,199 AHRENS Street W
Kitchener, ON N2H4E1,199 AHRENS Street W
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Dan J Reilly

Dan J Reilly

+1(604) 219-2686
$ 3,249,000
Est. payment | /mo

29 Beds

18 Baths

11,309 SqFt

Save
$ 3,249,000
Est. payment | /mo
Save

29 Beds

18 Baths

11,309 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 $287

Subdivision 212 - Downtown Kitchener/East Ward

MLS® Listing ID 40722654

Bedrooms 29

Originating Board Cornerstone - Waterloo Region

Property Sub-Type Freehold

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

Rooms

Kitchen 0.0

Interior

Heating Radiant heat,

Cooling None

Exterior

Parking Features No

View Y/N No

Total Parking Spaces 16

Private Pool No

Building

Story 3

Sewer Municipal sewage system

Others

Ownership Freehold

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Listed by RE/MAX REAL ESTATE CENTRE INC.
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(604) 219-2686

danjreilly@vancouverrealtyhub.com

7404 King George Blvd, Surrey, British Columbia, V3W 1N6, CAN

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199 AHRENS Street W