$1,600,000
161 David Street, Kitchener, ON N2G 1Y3
7 Beds
4 Baths
5 Parking
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.

Property Summary

Property Type Residential Freehold
Property Sub Type Fourplex
Transaction Type For Sale
Style 2-Storey
Approximate Age 100+
Bedrooms Above Grade 7
Bathrooms 4
Basement Partially Finished
Exposure West
Possession Flexible

Building

Building Type Fourplex
Square Footage 2000-2500
Exterior Brick, Wood
Foundation Stone
Roof Asphalt Shingle
Heating Heat Pump
Heat Source Electric
Cooling Central Air
Fireplace No

Measurements

Lot Size 69.5 x 118
Lot Size Units Feet
Frontage 69.5
Depth 118
Total Living Area 2000-2500

Land

Address 161 David Street, Kitchener, ON N2G 1Y3
City Kitchener
County / Area Waterloo
Cross Street Courtland Ave. W. To David St.
Sewer Sewer
Pool None
Parcel Number 224280113

Parking and Garage

Total Parking 5
Garage Spaces 0
Garage Type None
Parking Features Private Triple

Taxes and Listing Info

List Price $1,600,000
Annual Taxes $6,566
Tax Year 2025
Status Active
Listing Date 2026-06-02T15:50:35Z
Updated 2026-06-03T15:53:29Z
MLS Number X13228434
Local Market Insight

What Buyers Should Know About 161 David Street, Kitchener, ON N2G 1Y3

This editorial summary helps buyers look beyond the headline price and review the neighbourhood, transit, schools, rental demand, long-term value, and due-diligence items that often matter before booking a showing or submitting an offer.

Neighbourhood Analysis

161 David Street, Kitchener, ON N2G 1Y3 is positioned in Kitchener, a part of Kitchener where buyers should compare the street setting, nearby amenities, daily travel routes, and surrounding housing stock. For a 2-Storey, the strongest fit often depends on whether the location supports everyday routine as well as the numbers on paper.

School And Family Considerations

Families reviewing this Fourplex should confirm school boundaries directly with the local school boards before relying on listing notes. It is also worth checking walkability to parks, childcare, recreation centres, libraries, and community facilities because these details can influence both lifestyle value and future resale demand.

Transit And Access

The location should be assessed around commute patterns, access to Courtland Ave. W. To David St., public transit options, parking availability, and drive times to employment areas. A property with 5 parking and practical road access can appeal to buyers who need convenience without giving up neighbourhood quality.

Investment Potential

At $1,600,000, buyers should compare recent nearby sales, days on market, condition, lot utility, and the cost of future repairs or upgrades. The property shows 7 bedrooms, 4 bathrooms, basement details marked as Partially Finished, and a lot size of 69.5 x 118, all of which can affect value.

Rental Demand

If this property is being reviewed as a rental or investment, demand should be measured by bedroom count, transit access, employment access, nearby schools, parking, and the condition of the unit or home. In Kitchener, rental appeal usually improves when a property is easy to maintain and simple for tenants to live in.

Local Attractions And Amenities

Buyers should look at grocery access, restaurants, trails, parks, shopping, medical services, and weekend amenities around Kitchener. These features do not always appear in the MLS data, but they can make a major difference in how the home feels after move-in and how future buyers compare it.

Builder, Condition, And Due Diligence

For resale homes, review renovations, permits, roof and mechanical age, exterior condition, inclusions, and rental items. For condo or newer properties, review building history, maintenance fees, reserve fund information, rules, amenities, and future cost exposure. A showing and document review should confirm anything not visible in the listing.

Nearby Infrastructure

Infrastructure matters because transit improvements, road projects, schools, parks, commercial growth, and employment nodes can change how an area performs over time. For 161 David Street, Kitchener, ON N2G 1Y3, buyers should check municipal plans, nearby construction, zoning context, and future projects that may affect enjoyment or resale value.

This section is informational only. Buyers should verify schools, measurements, rental rules, taxes, zoning, and property condition with the appropriate professionals before making a decision.

Listing data is provided through PropTx/MLS data services and is deemed reliable but not guaranteed. Listings are subject to change without notice.