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161 DAVID STREET, Kitchener, Ontario

$1,600,000

7 Beds
4 Baths

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:56241)

Listing ID: X13228434
Property Type: Multi-family

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Details

Amenities Nearby: Park, Public Transit
Features: Conservation/green belt
Parking Spaces: 5
Structure: Deck
Transaction: For sale
Zoning Description: Res 4

Building

Amenities: Separate Heating Controls, Separate Electricity Meters
Appliances: Water meter, All
BasementType: N/A (Partially finished)
Basement Development: Partially finished
Bedrooms Main Level: 7
Cooling: Central air conditioning
Exterior Finish: Brick, Wood
Fireplace Present: False
Foundation: Stone
Bathrooms (Total): 4
Heating: Heat Pump
Heating Fuel: Electric
Size Interior: 2000 - 2500 sqft
Stories Total: 2
Type: Fourplex
Utility Water: Municipal water

Land

Amenities: Park, Public Transit
Sewer: Sanitary sewer
Size Frontage: 69 ft ,6 in
Size Irregular: 69.5 x 118 FT
Surface Water: Lake/Pond

Listing provided by Keller Williams Home Group Realty
MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.

This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 161 DAVID STREET in Kitchener Ontario. It was last modified on June 2nd, 2026. Contact Becky Hunt to schedule a viewing or to discover other Kitchener homes for sale.

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