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161 David Street, Kitchener, ON N2G1Y3

$1,600,0007Beds 4Baths 2,000Sqft

Property Overview

  • Row / Townhouse Home Type
  • Fourplex Building Type
  • 21780 Sqft Lot Size
  • NoneCommunity
  • 7 Beds
  • 4 Full Baths
  • Air Conditioning (Central) Cooling
  • 0 Half Baths
  • 5 Parking Space(s)
  • 1926 Year Built
  • Property Taxes
  • 88 days Days on Market
  • X13228434 MLS® #
  • $800 Price / Sqft
  • Two Storey Style
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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.

Interior Details

See Home Description
Heat Pump
Air Conditioning (Central)
0
None
Part

Exterior Details

Brick
2
Wood
See Home Description
Asphalt Shingles
Brick / Stone / Block

More Information

Property

Lake, Park
See Home Description

Parking

Yes
5
No Garage

Data is supplied by the Toronto Regional Real Estate Board (TRREB) MLS® System. TRREB is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by TRREB. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.
Data was last updated Friday, August 28, 2026, 3:08:22 PM UTC.