181 ahrens street west, kitchener - SOLD

181 ahrens street west, kitchener n2h 4e1

mls #40390699


This classic two-storey mid-town legal duplex was completely renovated in 2021. Both apartments received new bathrooms, appliances, flooring, trim, and kitchens (complete with cabinets and counters). A sought-after urban location offers tenants nearby access to the future Transit Hub, downtown Kitchener and uptown Waterloo. The Central LRT station is 1.1 km away, which is about a five-minute bike ride or 12-15 minute walk.

The second-floor unit hosts a generous primary bedroom with a walk-in closet, a sizeable kitchen with a pantry, a living room opened to the kitchen, and a balcony to enjoy summer evenings.

The main floor unit is currently tenanted. These tenants are enjoying a multi-level two-bedroom unit (the main-floor bedroom is in use as a living room). The sizeable main-floor unit also has the ever-important work-from-home space with a dedicated office, 4 piece bathroom and over 1,100 sq. ft. of living space.

This is a turnkey investment with a complete overhaul in 2021 of the plumbing, electrical, HVAC, exterior basement waterproofing and sump pump, along with a metal roof (15-year warranty). Landlords will benefit from a vacant upper unit upon possession. This will allow market rent to be achieved and increase the potential return on investment. Enjoy modern, chic finishes, a superb location and an investment that will make a significant long-term addition to anyone's portfolio.

The main floor tenant pays $2300 + Hydro per month with a signed lease until November 3, 2023. The survey, income and expense information and floor plan layout is attached to the listing. The main floor tenant lease is available upon request.

Offers are to be presented on April 25, 2023, at 7:00 pm. The Seller retains the right to consider pre-emptive offers with 24 hours irrevocable.