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199 AHRENS Street W
212 - Downtown Kitchener/East Ward Kitchener N2H 4E1

$4,100,000
Multi-family beds: 29 baths: 18.0

Main Photo: 199 AHRENS Street W in Kitchener: Multi-family for sale : MLS®# 40640163
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Status:
Active
Prop. Type:
Multi-family
MLS® Num:
40640163
Bedrooms:
29
Bathrooms:
18
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:2493)
Property Type:
Multi-family
Common Interest:
Freehold
Total Living Area:
11,309 sq. ft.
Finished Area Above Grade:
11,309 sq. ft.
Zoning:
R5
Taxes:
$35,172 / -
Community:
212 - Downtown Kitchener/East Ward
Exterior Features:
Brick
Bedrooms:
29
Bathrooms:
18.0
Cooling:
None
Fireplace:
No
Foundation:
Poured Concrete
Heating:
Radiant heat, Natural gas
# Storeys:
3.0
Water:
Municipal water
Sewer:
Municipal sewage system
Basement:
Finished, Full
Lot Features:
Laundry- Coin operated
Total Parking Spaces:
16
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Listed by RE/MAX REAL ESTATE CENTRE INC.
Data was last updated September 11, 2024 at 08:15 AM (UTC)
Area Statistics
Listings on market:
14
Avg list price:
$1,022,500
Min list price:
$669,800
Max list price:
$11,999,900
Avg days on market:
68
Min days on market:
5
Max days on market:
359
Avg price per sq.ft.:
$439.44
These statistics are generated based on the current listing's property type and located in 212 - Downtown Kitchener/East Ward. Average values are derived using median calculations.

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