$1,600,000
FOR SALE

Fourplex 2-Storey

Bedrooms: 7Bathrooms: 4Lot: 69.5 x 118 ft
2025 Taxes: $6,566

161 David St
Kitchener, ON N2G 1Y3 | Waterloo

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.
Extras
Separate Heating Controls, Separate Hydro Meter
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Listed By Keller Williams Home Group Realty
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X13228434
Last Updated Jun 02, 2026
Property Summary
Property Type Fourplex

More like this:
PIN 224280113
Legal Description LT 85 SUBDIVISION OF LT 17 GERMAN COMPANY TRACT KITCHENER; LT 86 SUBDIVISION OF LT 17 GERMAN COMPANY TRACT KITCHENER ; KITCHENER
Possession Date Flexible
Taxes (2025) $6,566
Directions/Cross Streets Courtland Ave. W. To David St.
Area Waterloo
Price History

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Detailed Information
Fronting On West
Special Designations Heritage
Bedrooms 7
Bathrooms 4
Lot 69.5 x 118 ft
Exterior Brick
Air Conditioning Central Air
Basement Partially Finished
Garage Type None
Parking Spaces 5
Heat Source Electric
Heat Type Heat Pump
Sewers Sewer

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