Kitchener Multifamily
Kitchener, ON
Multi-Residential
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.
Core Plus
Risk Profile
Low - Moderate
Minimum Investment
$10,000
Average Annual Return
16%
Investment Increments
$5,000
Investment Term
5 years
Total Offering
$1,700,000
Value-Add Ready
Reduced risk as the Ahrens Street property is already purchased and ready to be renovated upon building permit issuance.
Financing Obtained
Purchase and renovation financing already in place to begin renovating the units and adding value to the overall building - growing your investment capital.
Developer Experience
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.
0% Fees
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.
David Michaud
Founder & Chief Executive Officer
BA, JD, LLM
David Cambria
Dealing Representative