161 DAVID STREET
Kitchener, Ontario
MLS® X13228434
$1,600,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13228434
- Bedrooms
- 7
- Bathrooms
- 4
- Year built
- —
1 / 52Listing 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.
Property summary
- MLS® number
- X13228434
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 69.5 x 118 FT
- Annual property taxes
- $6,566.00
- Parking
- 5 spaces · No Garage
- Days on market
- 85 days
Features & details
- Heating
- Heat Pump, Electric
- Cooling
- Central air conditioning
- Basement
- Partially finished, N/A
- Appliances
- All, Water meter
- Exterior features
- Wood, Brick
- Lot features
- Conservation/green belt
What would this home cost you?
Based on the $1,600,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of Keller Williams Home Group Realty, GUELPH.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.