161 David Street, Kitchener, ON N2G 1Y3
- $1,600,000
- 7
- BD
- 4
- BA
- 2,000
- SqFt
- List Price
- $1,600,000
- MLS#
- X13228434
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Fourplex
- Style
- 2-Storey
- Bedrooms
- 7
- Bathrooms
- 4
- Living Area
- 2000-2500
- Province
- ON
- Municipality
- Kitchener
- Area
- Waterloo
- Subdivision
- Courtland Ave. W. To David St.
Property Description
Turnkey income property in one of Kitchener's most sought-after neighbourhoods. This fully renovated legal fourplex at 159-161 David Street sits steps from Victoria Park and generates $98,400 in gross annual income with an NOI of $83,900 - all at market rents with confirmed tenancy. Every detail has been executed to the highest standard: custom oak cabinetry, quartz countertops, gold hardware, frameless glass showers, and designer Hardwood flooring throughout. Each of the four self-contained units features its own heat pump, in-suite laundry, and private outdoor space. Separate hydro meters, new plumbing, new electrical, and new windows and doors throughout mean zero deferred maintenance and minimal landlord exposure. The unit mix - a 3-bed, a 2-bed, and two 1-beds - offers excellent tenant diversity and rental resilience. The building retains its handsome historic brick character while delivering a fully modern interior experience. An exceptionally rare opportunity to acquire a performing, pride-of-ownership asset in a neighbourhood where quality properties almost never come available.
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Additional Information
- Taxes
- $6,566
- Heat Type
- Heat Pump
- Heat Source
- Electric
- Air Conditioning
- Central Air
- Kitchens
- 4
- Exterior
- Brick, Wood
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 5
- Parking Type
- Private Triple
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Listing courtesy of Keller Williams Home Group Realty.