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.
Sold for $3,100,000
C$3,100,000
199 Ahrens St W, Kitchener, ON N2H 4E1
29beds
18baths
11,309sqft
Apartment, Multi Family
Built in ----
-- sqft lot
$-- Zestimate®
C$274/sqft
C$1,840 Estimated rent
Home value
Not available
Estimated sales range
Not available
Not available
Owner options
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C$1,840/mo
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C$1,840/mo
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C$13,106/mo
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C$13,106/mo
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List your homeWhat's special
Complete renovationsModern upgradesNew flooringBreaker panelsIn-suite laundry
Zillow last checked:
Listing updated:
Listed by:
Terry Riddoch, Broker,
RE/MAX REAL ESTATE CENTRE INC.
Source: ITSO,MLS®#: 40722654Originating MLS®#: Cornerstone Association of REALTORS®
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 29
- Bathrooms: 18
Heating
- Natural Gas, Radiant
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Stove, Washer
- Laundry: Coin Operated
Features
- Separate Heating Controls
- Basement: Full,Finished
- Has fireplace: No
Interior area
- Total structure area: 11,309
- Total interior livable area: 11,309 sqft
- Finished area above ground: 11,309
Property
Parking
- Total spaces: 16
- Parking features: Outside/Surface/Open
- Uncovered spaces: 16
Features
- Frontage length: 70.18
Lot
- Size: 0.37 Acres
- Dimensions: 70.18 x 229
- Features: City Lot, Public Transit, Schools, Shopping Nearby
Details
- Parcel number: 223250142
- Zoning: R5
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Apartment, Multi Family
Materials
- Brick
- Foundation: Poured Concrete
- Roof: Flat
Condition
- 51-99 Years
- New construction: No
Utilities & green energy
- Sewer: Sewer (Municipal)
- Water: Municipal
Community & HOA
Location
- Region: Kitchener
Financial & listing details
- Price per square foot: C$274/sqft
- Annual tax amount: C$35,172
- Date on market: 4/29/2025
- Inclusions: None, All Appliances
- Exclusions: Tenants' Possessions
Price history
| Date | Event | Price |
|---|---|---|
| 12/2/2025 | Listing removed | C$1,895 |
Source: Zillow Rentals Report a problem | ||
| 10/1/2025 | Sold | C$3,100,000C$274/sqft |
Source: ITSO #40722654 Report a problem | ||
| 8/7/2025 | Listed for rent | C$1,895 |
Source: Zillow Rentals Report a problem | ||
| 8/7/2025 | Listing removed | C$1,895 |
Source: Zillow Rentals Report a problem | ||
| 7/8/2025 | Price change | C$1,895+11.8% |
Source: Zillow Rentals Report a problem | ||
| 5/9/2025 | Price change | C$1,695-3.1% |
Source: Zillow Rentals Report a problem | ||
| 3/21/2025 | Price change | C$1,750-9.1% |
Source: Zillow Rentals Report a problem | ||
| 11/1/2024 | Price change | C$1,925-1.3% |
Source: Zillow Rentals Report a problem | ||
| 9/24/2024 | Price change | C$1,950-1.3% |
Source: Zillow Rentals Report a problem | ||
| 8/1/2024 | Listed for rent | C$1,975-5.7% |
Source: Zillow Rentals Report a problem | ||
| 12/18/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 7/18/2023 | Price change | C$2,095+2.4% |
Source: Zillow Rentals Report a problem | ||
| 7/5/2023 | Price change | C$2,045+2.5% |
Source: Zillow Rentals Report a problem | ||
| 6/29/2023 | Listed for rent | C$1,995 |
Source: Zillow Rentals Report a problem | ||
| 6/6/2023 | Listing removed | -- |
Source: Zillow Rentals Report a problem | ||
| 5/8/2023 | Price change | C$1,995+5.1% |
Source: Zillow Rentals Report a problem | ||
| 5/5/2023 | Listed for rent | C$1,899 |
Source: Zillow Rentals Report a problem | ||
Public tax history
Tax history is unavailable.
Neighborhood: Mt. Hope Huron Park
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Nearby schools
GreatSchools rating
No schools nearby
We couldn't find any schools near this home.
