Active

199 AHRENS Street W

Kitchener Ontario, N2H4E1

C$3,595,000


C$317.89 per sqft

Active

29 Beds

18 Baths

11,309 sqft

Residential

 Courtesy of RE/MAX REAL ESTATE CENTRE INC. 

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:41202)

40640163

MLS ID

December 1, 2024

Updated

Map

199 AHRENS Street W
Kitchener Ontario, N2H4E1

Interior Features

Total Stories

3


Bedrooms

29


Total Bathrooms

18


Fireplace

No


Cooling

Yes


Cooling Description

None


Heating

Yes


Heating Description

Radiant heat, Natural gas

Exterior/Building Features

Sewer

Municipal sewage system

Other Property Details

Association Amenities

Public Transit, Schools, Shopping


Garage

No


Parking Total

16


View

No


Pool

No

Listing History

Date

Event

Price

11/14/2024

Price change

$3,595,000

-6%

9/19/2024

Price change

$3,795,000

-8%

Courtesy of RE/MAX REAL ESTATE CENTRE INC.

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