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