Key Facts
- MLS® #: X13228434
- Property ID: SIRC3388839
- Property Type: Residential, Fourplex
- Lot Size¹: 118x69.5 ft.
- Year Built: 100
- Bedrooms: 7
- Bathrooms: 4
- Parking Spaces: 5
- Listed By:
- Keller Williams Home Group Realty
Property 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.
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Location
161 David St, Kitchener, Ontario, N2G 1Y3 Canada
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