$3,795,000
 $20,372 est/mo Sourced by Back At You

199 Ahrens Street W , Kitchener, ON N2H 4E1

Kitchener, ON N2H 4E1

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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 TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site65
Listing Provided ByRE/MAX REAL ESTATE CENTRE INC. | Terry Riddoch

Features

Bed(s)29
Bath(s)18
SQ Feet11,309
BasementY
Story(s)3
Units16
ZoningR5
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

ProvinceON
CountyWaterloo
CityKitchener
Postal CodeN2H 4E1
Area2 Kitchener East
Subarea212 Downtown Kitchener | East Ward
Community Name212 Downtown Kitchener/East Ward
Listing VS Median (in 212 Downtown Kitchener/East Ward)
Price:
$3,795,000
low | high
Med:
$439,800
100% of Average
SqFt:
11,309
low | high
Med:
553
100% of Average
$ / SqFt:
$336
low | high
Med:
$795
86.996819361156% of Average
On Site:
65
low | high
Med:
4.000000
100% of Average
Sourced by Back At You
Listing Updated: October 30, 2024 at 10:10:01 PM PDT