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Est. payment | /mo
7 Beds
4 Baths
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Est. payment | /mo
7 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
MLS Listing ID X13228434
Style 2-Storey
Bedrooms 7
Annual Tax Amount $6,566
Tax Year 2025
Property Sub-Type Fourplex
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.
Location
Province ON
County Waterloo
Area Waterloo
Zoning Res 4
Rooms
Family Room No
Basement Partially Finished
Kitchen 4
Interior
Interior Features Separate Heating Controls, Separate Hydro Meter
Cooling Central Air
Inclusions All appliances
Exterior
Exterior Feature Deck
Parking Features Private Triple
Pool None
Roof Type Asphalt Shingle
Lot Frontage 69.5
Lot Depth 118.0
Total Parking Spaces 5
Building
Building Age 100+
Foundation Stone
Others
Senior Community No
ParcelsYN No
Virtual Tour https://tours.vastvue.ca/161-David-St/idx
Listed by Keller Williams Home Group Realty