161 David Street, Kitchener, ON N2G 1Y3
Kitchener, ON, N2G 1Y3
About this 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.
Features & Amenities
- Basement: Partially Finished
- Garage: None
- Cooling: Central Air
- Heat Type: Heat Pump
- Heat Source: Electric
- Style: 2-Storey
- Construction: Brick, Wood
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 2-Storey |
| Bedrooms | 7 |
| Bathrooms | 4 |
| Basement | Partially Finished |
| Garage | None |
| Parking Spaces | 5 |
| Heat Type | Heat Pump |
| Heat Source | Electric |
| Cooling | Central Air |
| Sewer | Sewer |
| Annual Tax | $6,566 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Separate Heating Controls, Separate Hydro Meter
Exterior Features
- Exterior Features
- Deck
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Brick, Wood
- Foundation Details
- Stone
- Roof
- Asphalt Shingle
- Basement
- Partially Finished
- Approximate Age
- 100+
Heating & Cooling
- Heat Type
- Heat Pump
- Heat Source
- Electric
- Cooling
- Central Air
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 5
- Parking Total
- 5.00
- Parking Features
- Private Triple
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 118.00
- Lot Width
- 69.50
Community & Neighborhood
- Property Features
- Arts Centre, Greenbelt/Conservation, Lake/Pond, Library, Park, Public Transit
Financial & Tax
- Tax Annual Amount
- $6,566
- Tax Year
- 2025
- Tax Assessed Value
- $484,000
- Possession Type
- Flexible
- Possession Details
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 15
- Kitchens Above Grade
- 4
- Kitchens Total
- 4
- Bedrooms Above Grade
- 7
Additional Details
- Occupant Type
- Vacant
- Direction Faces
- West
- County Or Parish
- Waterloo
- Cross Street
- Courtland Ave. W. To David St.
- Directions
- Courtland Ave. W. To David St.
- Special Designation
- Heritage
- Showing Requirements
- Showing System
Location
161 David Street, Kitchener, ON N2G 1Y3, Kitchener, ON, N2G 1Y3