161 David Street, Kitchener, Ontario, Canada, N2G1Y3

1,600,000
for Sale
7
4
2000-2500

About the property:

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.

Extra info:

All appliances

House features:

All appliances
Fourplex fourplex
Property Type:
Fourplex
Status:
for Sale
House Style:
fourplex
Bedrooms:
7
Bathrooms:
4
Land Size:
69.5 x 118 FT | < .50 acres
Central A/C:
Yes
Garage/Parking Type:
Private Triple
Parking Places:
5
Heating Type:
Heat Pump
Heating Fuel:
Electric
Cross Street:
Courtland Ave. W. To David St.
Exterior:
Brick,Wood
Basement:
Partially Fi, Partially Fi
Fronting On:
W
Possession Date:
Flexible
Annual Property Taxes:
6,566
Listing ID:
X13228434

Rooms

Dimensions

Brokered by:
Keller Williams Home Group Realty
Source: TRREB/PROPTX
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