161 David Street, Kitchener, Ontario N2G 1Y3

Listed for:
$1,600,000
7 beds
4 baths
Listed 21 days ago
Fourplex for rent: 161 David Street, Kitchener, Ontario N2G 1Y3

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About

Courtland Ave. W. To David St. 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:27476)

Property Highlights

MLS® Number
X13228434
Type
Multi-family
Land Size
69.5 x 118 FT|under 1/2 acre
Parking Space Total
5

Building

Building Type
Fourplex
Storeys
2.00
Square Footage
2000 - 2500 sqft
Bathrooms Total
4
Bedrooms Above Ground
7
Bedrooms Total
7
Amenities
Separate Heating Controls, Separate Electricity Meters Park, Public Transit
Exterior Finish
Brick, Wood
Fireplace Present
No
Basement Type
N/A (Partially finished)
Basement Features
Building Heating Type
Heat Pump
Heating Fuel
Electric
Building Cooling Type
Central air conditioning

Utilities

Water
Municipal water
Utility Sewer
Sanitary sewer

Location

Learn more about this property
Listing provided by:
Keller Williams Home Group Realty
MLS® number:
X13228434
Agent:
Owen Lennox
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