ahrens st w

29 Bedroom Condo has been listed for sale at 199 Ahrens St W in Kitchener for $3,249,000. Chat with a local expert, book a tour.

Kitchener

Mount Hope-Breithaupt Park

199 Ahrens St W

199 Ahrens St W, For Sale in Kitchener - eXp Commercial Brokerage

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.

Downtown Kitchener - Concrete 16 Unit Apartment Building With Desirable Suite Mix - 12 X 2 Bedrooms, 3 X 3 Bedrooms, And 1 X 1 Bedroom. Significant Upside On Rents For The Patient Investor. Average Rent Is Currently $955. Beautiful Terrazzo Stairs And Hallways. The Building Is Heated With A Viessman Gas Boiler System. One Hydro Meter, Rents Are Currently All Inclusive. Recent Upgrades Include: All Windows (2015), Hot Water Heater (2018), Intercom System (2020). Roof Approx/ 2002. Please Contact For Financial Information.

Wow! Heres A Rare Opportunity To Own A Purpose Built 16 Unit Apartment Building With An Open Rear Parking Lot, Located In The Historic Downtown Of Kitchener.  The Units Come In An Array Of Sizes And Options For Your Tenants. 12 - Two Bedroom Units, 3 - Three Bedrooms Units & 1 - One Bedroom Unit. Kitchener-Waterloo Is One Of Canadas Top Markets To Buy Real Estate. The Investment Opportunity The Building Has Is Impressive And Allows For A Significant Upside On Rents. Recent Updates Include: 2 Renovated Units In 2021, Front Entry Door In 2022, All New Windows In 2015. The Building Is Heated With A Viessman Gas Boiler System And Rents Are Inclusive Of Utilities. You Couldnt Ask For A Better Location. Close To All The Tech Giants That Kitchener-Waterloo Are Known For Like Google, Oracle, D2l, Vidyard & Communitech. Commuting Is Made Easy With Quick Access To The Go Train, Lrt & Bus Routes. Steps Away From Downtown Kitcheners Great Coffee Shops, Restaurants, Stores And Historic Farmers Market.  Explore Victoria Park And The Nearby Ironhorse Trail. Just A Short Drive To Conestoga & Fairway Fairway Park Mall. Close To Top Post Secondary Schools Wilfred Laurier, University Of Waterloo And Conestoga College. (Id:15898)

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.

199 Ahrens St W, Kitchener, ON

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