161 David Street, Kitchener

$1,600,000

MLS® X14163978 · Listed by Keller Williams Home Group Realty

Bedrooms7

Bathrooms4

TypeFourplex

Days on market5

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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.

Price history

Listed at

$000,000

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What it costs monthly

Down payment
%Rate
%Years

– per month, mortgage only

Illustration only - taxes, insurance, condo fees and CMHC insurance are extra. Ask your agent to connect you with a mortgage broker for a real number.

Cash you need to close

Down payment
% First home ever (Ontario refund up to $4,000)

Down payment	–
Ontario land transfer tax	–
First-time buyer refund	–
8% Ontario tax on mortgage insurance (paid in cash, can't go on the mortgage)	–
Lawyer, title insurance and registration	–
Home inspection (optional)	–

– cash to close, roughly

No municipal land transfer tax here; that is Toronto only. Plus small adjustments for property tax or utilities the seller prepaid. An estimate for planning; your lawyer confirms the final number.

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