161 DAVID STREET, Kitchener, ON N2G1Y3
161 DAVID STREET, Kitchener, ON N2G1Y3
161 DAVID STREET, Kitchener, ON N2G1Y3
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Paul Shantz

Paul Shantz

+1(519) 829-8656
$1,600,000
Est. payment /mo
7 Beds
4 Baths
2,000 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

Square Footage 2,000 sqft

Price per Sqft $800

MLS® Listing ID X13228434

Bedrooms 7

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. (id:24570)

Location

Province ON

Rooms

Kitchen 0.0

Interior

Heating Heat Pump

Cooling Central air conditioning

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 5

Garage No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

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Listed by Keller Williams Home Group Realty

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Paul Shantz
Paul Shantz

Agent | License ID: 6008661

+1(519) 829-8656

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161 DAVID STREET

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