199 Ahrens Street W Active Save Request In-Person Tour Request Virtual Tour
Kitchener,ON N2H 4E1
Key Details
Property Type Single Family Home
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
Square Footage 11,309 sqft
Price per Sqft $317
MLS Listing ID 40640163
Bedrooms 29
Abv Grd Liv Area 11,309
Originating Board Waterloo Region
Annual Tax Amount $35,172
Property 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.
Location
Province ON
County Waterloo
Area 2 - Kitchener East
Zoning R5
Direction North on Ahrens from Wilhelm
Rooms
Basement Full,Finished
Kitchen 0
Interior
Interior Features Separate Heating Controls
Heating Natural Gas,Radiant
Cooling None
Fireplace No
Appliance Dishwasher,Dryer,Refrigerator,Stove,Washer
Laundry Coin Operated
Exterior
Waterfront No
Roof Type Flat
Lot Frontage 70.18
Lot Depth 229.0
Garage No
Building
Lot Description City Lot,Public Transit,Schools,Shopping Nearby
Faces North on Ahrens from Wilhelm
Story 3
Foundation Poured Concrete
Sewer Sewer (Municipal)
Water Municipal
Structure Type Brick
New Construction No
Others
Senior Community No
Tax ID 223250142
Ownership Freehold/None