199 Ahrens Street W, Kitchener, ON, N2H 4E1

MLS® # 40640163

Condo For Sale In Mt. Hope Huron Park, Kitchener, Ontario

$3,595,000 QuickQuote^TM: $3.3M - $4.2M

29 Beds

0 Baths

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199 Ahrens Street W, Kitchener, ON - Outdoor With View

199 Ahrens Street W, Kitchener, ON - Outdoor

199 Ahrens Street W, Kitchener, ON - Outdoor With Facade

199 Ahrens Street W, Kitchener, ON - Indoor Photo Showing Other Room

199 Ahrens Street W, Kitchener, ON - Indoor Photo Showing Kitchen With Double Sink With Upgraded Kitchen

199 Ahrens Street W, Kitchener, ON - Indoor Photo Showing Laundry Room

199 Ahrens Street W, Kitchener, ON - Indoor

199 Ahrens Street W, Kitchener, ON - Indoor Photo Showing Living Room

199 Ahrens Street W, Kitchener, ON - Indoor Photo Showing Bedroom

199 Ahrens Street W, Kitchener, ON - Indoor Photo Showing Bathroom

199 Ahrens Street W, Kitchener, ON - Indoor Photo Showing Garage

199 Ahrens Street W, Kitchener, ON - Other

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199 Ahrens Street W, Kitchener, ON, N2H 4E1

$3,595,000

29 Beds

0 Baths

Property Information:

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.

Inclusions: None,16, Fridges, 16 Stoves, 5 Dishwasher, 5 Washer/Dryer Combo, Coin Operated Washer And Dryers,

Exclusions : Tenants' Possessions

Building Features:

Floor Space: 11309 Square Feet

Property Features:

Bedrooms: 29
Acres Range: < 0.5
Basement: Full, Finished
Construction Materials: Brick
Cooling: None
Driveway Parking: Outside/Surface/Open
Floor Space (approx): 11309 Square Feet
Heating: Natural Gas, Radiant
Interior Features: Separate Heating Controls
Laundry Features: Coin Operated
Lot Depth: 229 Feet
Lot Features: City Lot, Public Transit, Schools, Shopping Nearby
Lot Frontage: 70.18 Feet
Roof: Flat
Water Source: Municipal
Zoning: R5
Sewer: Sewer (Municipal)
No. of Parking Spaces: 16

Courtesy of: RE/MAX REAL ESTATE CENTRE INC.

Data provided by: Kitchener-Waterloo Association of REALTORS® 540 Riverbend Drive, Kitchener, Ontario N2K 3S2
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Approximate value for 29 bed, 0 bath condo in this area is:

List Price
below Estimate List Price
above Estimate

$3,595,000

List Price

$3,293,272

$4,167,592

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Location of 199 Ahrens Street W, Kitchener, ON, N2H 4E1

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

23 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate-Low

23 hot days expected in 2050

31/100

Moderate-Low

ClimateCheck®

Current data

This property, 199 Ahrens Street W, experiences 7 hot days per year at around 28.6 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 23 hot days at 32 degrees Celsius.

Projected Avg. Temperature

Past

28.6℃

2050

32℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 199 Ahrens Street W, experiences 11 significant 2-day storms per year, with about 318.2mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 394.9mm of precipitation per year.

Precipitation Per Storm

Past

318.2mm

2050

394.9mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 199 Ahrens Street W, Kitchener, ON, N2H 4E1

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$105,429.05

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.96 %

High school certificate or equivalent

28.12 %

Apprenticeship trade certificate/diploma

6.99 %

College/non-university certificate

18.75 %

University certificate (below bachelor)

1.35 %

University Degree

34.82 %

Commuter

Travel To Work

By Car

81.77 %

By Public Transit

8.02 %

By Walking

4.16 %

By Bicycle

2.56 %

By Other Methods

3.49 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.44 %

Houses

54.56 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Location of 199 Ahrens Street W, Kitchener, ON, N2H 4E1

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 199 Ahrens Street W, Kitchener, ON, N2H 4E1

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

199 Ahrens Street W, Kitchener, ON, N2H 4E1

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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