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About the Listing KW153 - KWKW7447
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.
Listing Highlights for 199 Ahrens St W
Interior Details
- Bedrooms: 29
- Bathrooms: 18 Full
- Appliances: Dishwasher, Dryer, Refrigerator, Stove, Washer
- Air Cond:
- Heating: Natural Gas,Radiant
- Fireplaces:
- Floor:
- Above Ground Sq Ft: 11309
- Below Ground Sq Ft: n/a
- Basement: Full,Finished
- Other: Separate Heating Controls
- Water: Municipal
Exterior Details
- Lot Description: 50.79 ft x 56.96 ft x 49.83 ft x 172.26 ft x 70.18,City Lot,Public Transit,Schools,Shopping Nearby
- Garage Capacity: N/A
- Parking Spaces: 16
- Lot Dimensions: 70.18 x 229
- Zoning: R5
- Roof: Flat
- Others:
- Sewer: Sewer (Municipal)
- Parking Features: Outside/Surface/Open
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 223250142
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
199 Ahrens St W Kitchener, ON N2H 4E1
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