Turnkey income property in one of Kitchener's most sought after neighbourhoods.
| 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
505 Park Ave, New York, NY 10022 Phone: +1 212-252-8772 Fax: +1 212-252-9347 |