56 days on Market

199 Ahrens St, Kitchener, Ontario N2H 4E1

In the same building:
-
$3,795,000
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Condo
-
18
~11309 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$335/sqft

Est. Mortgage$16,298/mo

Tax Amount (2024)$35,172/yr

Days On Market56 days


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.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~11309 SqFt
Lot Size16,071 SqFt(229 x 70.18)
Parking Spaces16
MLS ®Number40640163
Community NameMt. Hope Huron Park
Data SourceITSO

Features

Heating: Natural Gas, Radiant
Basement: Full, Finished

Features

Lot size: 16,071 SqFt
Sewer (Municipal)

Parking

Garage spaces -

Garage type -

Total parking spaces 16


3Story
Inclusions
Hydro
Water
Parking
Cable
Heat

Property History

Now
ListedFor Salefor$3,795,000Active
56 days on market
Listing by itso®
history photo preview19
Oct 7, 2022
ListedFor Salefor$3,500,000Sold for$•••,•••
Stayed 52 days on market
Listing by itso®
history photo preview31
ListedFor Salefor$3,000,000Expired
Stayed — days on market
Listing by itso®
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Property listed by RE/MAX REAL ESTATE CENTRE INC., Brokerage

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