Turnkey income property in one of Kitchener's most sought after neighbourhoods.


Property

Website:https://www.nestseekers.com/5531980
Address:
Kitchener N2G 1Y3
Canada
Ownership: For Sale
Type: Unknown
Bedrooms: 7 BR
Bathrooms: 4

Financials

Price:C1,600,000
($1,156,300)
(€994,200)
Annual Taxes:C6,566

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.

Amenities

  • Deck
  • Separate Heating Controls
  • Separate Hydro Meter

Contact

505 Park Ave, New York, NY 10022