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Last Updated : 7 Days ago
199 Ahrens Street W, Kitchener, ON,
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199 Ahrens Street W, Kitchener MLS Number: 40640163

Kitchener, Waterloo, ON, N2H 4E1

$3,595,000

Price drop by $505,000

Status: For Sale

  • 29+ Beds
  • 18 Baths
  • Area : 11309 sqft
  • Property Type: Residential Income (Apartment)
  • Property Taxes : $35172 (Tax Year:2024)
  • Listing Courtesy : Re/max Real Estate Centre Inc.

199 Ahrens Street W 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.

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199 Ahrens Street W Property Facts

Property Type :Residential Income
MLS Number :40640163
Listing Type :Sale
Property Age :51-99 Years
Possession Date :
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Last Updated :14 Nov, 2024 (7 Days ago)
Source :Waterloo Region
Area :Waterloo
City :Kitchener
Area Major :2 - Kitchener East
Area Minor :212 - Downtown Kitchener/East Ward
Postal Code : N2H 4E1
Directions :North on Ahrens from Wilhelm

199 Ahrens Street W Property Price & Tax Insights

Price : $3,595,000
Property Taxes :$35172
Tax Year :2024

199 Ahrens Street W, Kitchener Property Details

Bedrooms :29 +
Heating :Natural Gas
Place of Worship :No
Cross Street :@ Wilhelm
Bathrooms :18
Approx Square Footage :11309 sqft

199 Ahrens Street W, Kitchener - Price History

2024-11

14 Nov, 2024

TREB #40640163

Price Change

$3595000

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199 Ahrens Street W - Location Map and Landmarks

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FAQs: 199 Ahrens Street W, Kitchener

  • Q:What is the Area Size of the 199 Ahrens Street W In Sq.Ft and it's MLS No.?

    A: The project covers an area of approximately 11309 sq. ft and is strategically located in Waterloo. The MLS No of this project is 40640163 and the Project is located in ON, Canada
  • Q: Does this Project 199 Ahrens Street W available for Sale ?

    A: The project 199 Ahrens Street W is readily available for Sale and can be purchased at competitive prices today. You can schedule a tour or request a call back for knowing further.
  • Q: How far is this property from my workplace?

    A:You can calculate your travel time and see how this property is far from your Office, your spouse's workplace or your kid's school. You just need to tell us which places you commute to frequently and Square Yards will tell you how far they are from this property.
  • Q:What are the Key Features 199 Ahrens Street W is Offering?

    A:Square Yards is giving a Cashback of $17,975 if you buy this property from us, however there are several key features offered by the 199 Ahrens Street W. You get 29+ Beds with 18 Bath, central air conditioning, parking space and garage along with a heating system, basement, gas fuel system and balcony.
  • Q:How many Beds & Baths available in 199 Ahrens Street W, Waterloo?

    A: 199 Ahrens Street W, Waterloo comes with 29+ Beds for maximum convenience and space. There are 18 baths available as well for when you have guests over or if you have a large family!
  • Q:How many Apartments and Condos are available for Sale in Waterloo, On?

    A:Waterloo, ON is one of the biggest real estate markets in Canada. There are several options available here pertaining to condos and apartments alike. There are approximately apartments and condos available currently for your perusal.
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