161 David Street
Kitchener, ON
- 7 bed
- 4 bath
- approx. 2000-2500 sqft
- Fourplex
- 103 days on market
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.
Virtual Tour
Virtual Tour Available
Listing Details
- Taxes (2025)
- $6,566
- Listed
- June 2, 2026
Price History
Property
- Style
- 2-Storey
- Age
- 100+
- Construction
- Brick, Wood
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Separate Heating Controls, Separate Hydro Meter
- Lot Size
- 69.5 x 118 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 5
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Courtland Ave. W. To David St.
- Zoning
- Res 4
- Parcel Number
- 224280113
- Possession
- Flexible
- Occupancy
- Vacant
Included
- Inclusions
- All appliances
- Rental Items
- None
Schools
Elementary
- Courtland Avenue Public School0.7 km
Public · Waterloo Region DSB · 270 students
- J F Carmichael Public School0.8 km
Public · Waterloo Region DSB · 485 students
Grade 3 reading: 72% met the provincial standard · Grade 6 math: 33% met the provincial standard
- St John Catholic Elementary School1.1 km
Catholic · Waterloo CDSB · 460 students
Grade 3 reading: 44% met the provincial standard · Grade 6 math: 43% met the provincial standard
Secondary
- Cameron Heights Collegiate Institute1.2 km
Public · Waterloo Region DSB · 1765 students
Grade 10 literacy: 90% met the provincial standard
- Kitchener Waterloo Collegiate and Vocational School1.6 km
Public · Waterloo Region DSB · 1650 students
Grade 10 literacy: 88% met the provincial standard
- Forest Heights Collegiate Institute2.9 km
Public · Waterloo Region DSB · 1555 students
Grade 10 literacy: 86% met the provincial standard
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area N2G
- Population
- 14,580
- Private dwellings
- 8,284
- Median age
- 38
- Average household size
- 1.8
- Median household income
- $62,400
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Residential Freehold in Kitchener · last 12 months
- Median sold price
- $665,050
- Homes sold
- 1,900
- Median days on market
- 20
- Sale-to-list price
- 101.0%
Based on 1,900 recorded sales of residential freehold properties in Kitchener over the last 12 months.
Listed by
Keller Williams Home Group Realty
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$320,000
Estimated Monthly Payment
$7,860
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $7,860/mo (20% down, 5.5%)
Taxes: $547/mo · Insurance: $400/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. This listing mentions The unit mix - a 3-bed, a 2-bed, and two 1-beds - offers excellent tenant diversity and rental resilience.. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?