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161 DAVID STREET, Kitchener, Ontario, N2G 1Y3

MLS® # X13228434
Investment For Sale In Victoria Park, Kitchener, Ontario
$1,600,000
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
161 David Street, Kitchener, ON
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MULTIMEDIA

161 DAVID STREET, Kitchener, Ontario, N2G 1Y3
$1,600,000

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
  • 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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Sales/Price History

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Market Price Trends

Single family detached

-2.86%

Price change (1 year)

27.12%

Price change (5 years)

All Properties

-2.91%

Price change (1 year)

27.16%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 161 DAVID STREET, Kitchener, Ontario, N2G 1Y3

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 %

Own Vs. Rent

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