Address: 161 DAVID STREET, Kitchener FOR SALE Postal Code: N2G1Y3 Style: Type: Multi-family Fourplex Bedrooms: 7 Bathrooms: 4 Bedrooms Aboveground: 7 Parking: No Garage Garage: No Garage Lot Size: 69 ft ,6 in x 118 ft Property Size: 69.5 x 118 FT Stories: 2
About 161 David Street
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:56071). Get more information on 161 David Street
Property Features
Appliances: Water meter, All Features: Conservation/green belt Rental Equipment: Directions: Courtland Ave. W. To David St. Zoning Description: Res 4 Interior Size: 2000 - 2500 sqft Amenities: Separate Heating Controls, Separate Electricity Meters Lot: 69.5 x 118 FT|under 1/2 acre 69.5 x 118 FT Exterior Finish: Brick, Wood Water: Municipal water, Sanitary sewer Heating / Cooling: Electric / Central air conditioning Age: 100+ years Foundation: Stone Basement: N/A (Partially finished) Partially finished
Rooms & Sizes
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
Brokered by: RE/MAX TWIN CITY FAISAL SUSIWALA REALTY
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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