199 AHRENS Street W, Kitchener, Ontario
$3,795,000
- 29 Beds
- 18 Baths
- 11,309 Square Feet
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:23309)
- Listing ID: 40640163
- Property Type: Multi-family
Schedule a Tour
Schedule Private Tour
Bob Downer would happily provide a private viewing if you would like to schedule a tour.
Match your Lifestyle with your Home
Contact Bob Downer, who specializes in Kitchener real estate, on how to match your lifestyle with your ideal home.
Get Started Now
Lifestyle Matchmaker
Let Bob Downer find a property to match your lifestyle.
Listing provided by RE/MAX REAL ESTATE CENTRE INC.
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 199 AHRENS Street W in Kitchener Ontario, was last modified on September 5th, 2024. Contact Bob Downer to schedule a viewing or to find other properties for sale in Kitchener.