199 Ahrens Street W Kitchener ON N2H 4E1 CA
Location
- Parking Total: 16
- Directions: North on Ahrens from Wilhelm
Description
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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. 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.
Rooms & Units Description
- Units: 16
Location Details
- Street Address: 199, Ahrens, Street, W
- Province: ON
- Postal Code: N2H 4E1
- Country: CA
- Region: Waterloo
- Cross Street: @ Wilhelm
- Directions: North on Ahrens from Wilhelm
- Coordinates: -80.495424, 43.460446
- Municipality/Area: 2 - Kitchener East
Property Details
- Parcel Number: 223250142
- Number Of Buildings: 0
- Total Finished Area: 11309
- Above Grade Finished Area: 11309
- Construction Materials: Brick
Property Features
- Lot Features: City Lot, Public Transit, Schools, Shopping Nearby
- Interior Features: Separate Heating Controls
- Laundry Features: Coin Operated
- Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
- Lot Front: 70.18
- Lot Depth: 229
- Basement: Full, Finished
- Foundation Details: Poured Concrete
- Roof: Flat
- Cooling Type: None
- Heating: 1
- Heating Type: Natural Gas, Radiant
- Parking: 16
- Open Parking: 1
- Open Parking Spaces: 16
- Sewer: Sewer (Municipal)
- Water Source: Municipal
Miscellaneous
- Inclusions: None,16, Fridges, 16 Stoves, 5 Dishwasher, 5 Washer/Dryer Combo, Coin Operated Washer And Dryers,
- Exclusions: Tenants' Possessions
Basics
- Kitchens: 0
- Lot Dimensions (Feet): 229 x 70.18
- Ownership Type: Freehold/None
- List Date: 2024-09-05
- Category: Residential Income
- Type: Apartment
- Bedrooms: 29
- Bathrooms: 18
- Area: 11309 sq ft
- County Or Parish: Waterloo
- MLS ID: 40640163
Building Details
- Number Of Units Total: 16
- Building Area Total: 11309 sq ft
- Number Of Buildings: 0
- Construction Materials: Brick
- Roof: Flat
Amenities & Features
- Water Source: Municipal
- Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
- Sewer: Sewer (Municipal)
- Cooling: None
- Interior Features: Separate Heating Controls
- Heating: Natural Gas, Radiant
Ask an Agent About This Home
Courtesy of
- List Office Name: RE/MAX REAL ESTATE CENTRE INC.
- List AOR: Waterloo Region Association of REALTORS® (WRAR)
This Apartment style property is located in Kitchener is currently Residential Income and has been listed on The Westbury Way. This property is listed at $3,595,000. It has 29 beds bedrooms, 18 baths bathrooms, and is 11309 sq ft.
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