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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:59646)

Property Details

MLS® Number 40640163
Property Type Multi-family
Amenities Near By Public Transit, Schools, Shopping
Equipment Type Water Heater
Features Laundry- Coin Operated
Parking Space Total 16
Rental Equipment Type Water Heater

Building

Bathroom Total 18
Bedrooms Total 29
Basement Development Finished
Basement Type Full (finished)
Cooling Type None
Exterior Finish Brick
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Radiant Heat
Stories Total 3
Size Interior 11309 Sqft
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 229 Ft
Size Frontage 70 Ft
Size Total Text Under 1/2 Acre
Zoning Description R5

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

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