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291816

MLS® 40697024

  • Key Facts
  • Description
  • Map

Key Facts

Type Apartment
Levels Residential Income
Size 11309 sqft
Garage No
Maintenance Fees 
Taxes $35,172
Approx. Age 
Avg. Price Per Sqft $300
MLS® Number 40697024

Property Address: 199 Ahrens St W, Kitchener, ON, N2H4E1

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number40697024
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry LevelCoin Operated
Exposure
Exterior
GarageNo
Approx. Age
Stories3
Pets

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

Heat
A/C
Heating Fuel

Extras

None, All Appliances And Coin Laundry / Dryer. Chat List Available

Similar Listings

Price History

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$XXX,XXXSold Price
Top Secret
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$XXX,XXXList Price
00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
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Jan 12, 2021End Date
-Sold Price

Expired

Jan 4, 2021List Date
$3,000,000List Price
  • Commute

Commute

Starting Address
Destination Address
199 Ahrens St W, Kitchener, ON

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