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199 Ahrens Street W Kitchener, Ontario N2H 4E1

29 Bedroom 18 Bathroom 11309 sqft
None Radiant Heat

$4,100,000

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:31697)

Property Details

MLS® Number 40640163
Property Type Multi-family
AmenitiesNearBy Public Transit, Schools, Shopping
EquipmentType Water Heater
Features Laundry- Coin Operated
ParkingSpaceTotal 16
RentalEquipmentType Water Heater

Building

BathroomTotal 18
BedroomsTotal 29
BasementDevelopment Finished
BasementType Full (finished)
CoolingType None
ExteriorFinish Brick
FoundationType Poured Concrete
HeatingFuel Natural Gas
HeatingType Radiant Heat
StoriesTotal 3
SizeInterior 11309 Sqft
UtilityWater Municipal Water

Land

Acreage No
LandAmenities Public Transit, Schools, Shopping
Sewer Municipal Sewage System
SizeDepth 229 Ft
SizeFrontage 70 Ft
SizeTotalText Under 1/2 Acre
ZoningDescription R5

https://www.realtor.ca/real-estate/27367447/199-ahrens-street-w-kitchener

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