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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.

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Kitchener Multifamily
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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.

Kitchener Multifamily

David Michaud

Founder & Chief Executive Officer

BA, JD, LLM

David Cambria

Dealing Representative