This fully tenanted residential building is located at 199 Ahrens St, Kitchener, Ontario. Purchased by the developer below market value, Mike Beer Investments will significantly increase the annual rental income by renovating the interiors and repositioning the building and property. The project consists of 16 units (1x1 bed, 12x2 bed, 3x3 bed) in a multi-family building with demonstrated income growth potential.
Reduced risk as the Ahrens Street property is already purchased and ready to be renovated upon building permit issuance.
Purchase and renovation financing already in place to begin renovating the units and adding value to the overall building - growing your investment capital.
Track record of adding considerable value to multi residential properties of this size and in this area. This particular project was identified because it has room to nearly double rents.
For this investment, there are no transaction or management fees. If you choose to sell your investment in the secondary market, only the seller pays 1% commission.
Founder & Chief Executive Officer
BA, JD, LLM