161 David Street,Kitchener, ON N2G1Y3
Kitchener, ON N2G1Y3
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. (id:13843)
Details
| MLS # | X13228434 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 141 |
| Listing Provided By | Keller Williams Home Group Realty | OWEN LENNOX |
Features
| Bed(s) | 7 |
|---|---|
| Bath(s) | 4 Total |
| SQ Feet | 2,000 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | Res 4 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Heat Pump, Electric |
| Appliances | All, Water meter |
| Fireplace Yes / No | No |
Exterior
| Lot Features | Conservation/green belt |
|---|---|
| Foundation Details | Stone |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 5 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 6566 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2G1Y3 |
| Listing VS Median (in N2G1Y3) | |
Price: $1,600,000 low | high Med: $1,600,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $800 low | high Med: $800 On site: 141 low | high Med: 141 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Kitchener |
| Postal Code | N2G1Y3 |
| Listing VS Median (in N2G1Y3) | |
Price: $1,600,000 low | high Med: $1,600,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $800 low | high Med: $800 On site: 141 low | high Med: 141 | |
