Property Information:

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:27)

Building Features:

Style: Multiplex
Building Type: Fourplex
Amenities: Separate Heating Controls, Separate Hydro Meters
Basement Development: Partially finished
Basement Type: N/A
Exterior Finish: Brick, Wood
Floor Space: 2000 - 2500 sqft
Foundation Type: Stone
Heating Type: Heat Pump
Heating Fuel: Electric
Cooling Type: Central air conditioning
Appliances: Water meter, All

Property Features:

Property Type: Multi-family
Bedrooms: 7
Bathrooms: 4
Amenities Nearby: Park, Public Transit
Features: Conservation/green belt
Floor Space (approx): 2000 - 2500 Square Feet
Irregular: Yes
Lot Depth: 118 Feet
Lot Frontage: 69.5 Feet
Lot Size: 69.5 x 118 FT
Structure Type: Deck
Surface Water:
Zoning: Res 4
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 5

Courtesy of: Keller Williams Home Group Realty

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Demographic Information of 161 DAVID STREET, Kitchener, Ontario, N2G 1Y3

Life Stage

Later Years

Employment Type

Service Sector/White Collar

Average Household Income

$107,284.06

Average Number of Children

1.61

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

15.15 %

High school certificate or equivalent

28.85 %

Apprenticeship trade certificate/diploma

5.09 %

College/non-university certificate

22.51 %

University certificate (below bachelor)

0.87 %

University Degree

27.53 %

Commuter

Travel To Work

By Car

80.27 %

By Public Transit

8.59 %

By Walking

7.76 %

By Bicycle

0.79 %

By Other Methods

2.59 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

56.02 %

Houses

43.98 %

161 DAVID STREET, Kitchener, Ontario, N2G 1Y3