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161 David Street

Kitchener, N2G 1Y3

$1,600,000

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  • 7 bedrooms
  • 4 bathrooms
  • 5 parking
  • 2000-2500 sq ft

Listed 140 days ago · MLS® X13228434

About this home

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.

Details

Type
Fourplex
Style
2-Storey
Age
100+ years
Size
2000-2500 sq ft
Lot
69.5 × 118 ft
Basement
Partially Finished
Garage
None
Kitchens
4
Property tax
$6,566 (2025)
Municipality
Kitchener

Interior

Bedrooms
7 above ground
Bathrooms
1 × 3-piece (main), 1 × 3-piece (main), 1 × 3-piece (second), 1 × 3-piece (second)
Rooms
15 above ground
Family room or den
No
Fireplace
No
Features
Separate Heating Controls, Separate Hydro Meter

Heating, cooling and services

Heating
Heat Pump, Electric
Air conditioning
Central Air
Water and sewer
Sewer

Building and exterior

Style
2-Storey
Exterior
Brick, Wood
Roof
Asphalt Shingle
Foundation
Stone
Age
100+
Faces
West
Outdoor
Deck

Parking

Total parking
5
Driveway and parking
Private Triple

Lot

Size
69.5 × 118 ft
Acreage
< .50

More

Possession
Flexible
Nearby
Arts Centre, Greenbelt/Conservation, Lake/Pond, Library, Park, Public Transit
Cross street
Courtland Ave. W. To David St.

History of this address

1 earlier listing at this address, with sold and leased prices. Create a free account or sign in to see them.

Location

Location is approximate. See nearby homes on the map

Recent sales nearby

See what similar homes within 1 km sold for in the last year. Create a free account or sign in to see them.

The neighbourhood

Getting around Very walkable

  • 🚇 Victoria Park LRT11 min walk
  • 🚇 Queen LRT12 min walk

Within a 10-minute walk: 7 grocery stores, 56 cafés and restaurants, 18 parks, 8 pharmacies. Nearest grocery: Tena Injera (200 m). Nearest park: Victoria Green (200 m).

Schools nearby

Elementary

  • J.F. Carmichael Public School
    EQAO: Gr 6 reading 70%, math 33%    13 min walk
  • St. John Catholic Elementary School Catholic
    EQAO: Gr 6 reading 63%, math 43%    18 min walk
  • St. Bernadette Catholic Elementary School Catholic
    EQAO: Gr 6 reading 92%, math 42%    1.2 km
  • King Edward Public School
    EQAO: Gr 6 reading 77%, math 30%    1.4 km

Secondary

  • Courtland Avenue Public School10 min walk
  • Maple Grove School13 min walk
  • St. Louis Education Centre - Main Campus Catholic16 min walk

EQAO: share of students meeting the provincial standard (2024–25). Ontario average: Gr 6 reading 86%, math 51%; Gr 9 math 55%; literacy test 83%.

Closest schools, not school zones. Check which school serves this address with the school board before relying on it.

Who lives here postal area N2G

Owners / renters
31% / 69%
Median household income
$62,400
Average age
42
Children under 15
10%
Homes
22% detached, 41% high-rise
Commute by transit
11%
Population
14,580

Languages spoken most at home besides English: Arabic 1.1%, Portuguese 1%, Spanish 1%, Mandarin 0.9%.

Safety

Crime Severity Index for Waterloo Region (Kitchener) police: 67 vs 57 for Ontario (2025).

Police-reported figures for the whole police service area, not this street. Rates use the area’s resident population.

Distances are approximate. Places © OpenStreetMap contributors. Neighbourhood figures: Statistics Canada, 2021 Census. School results: EQAO via Ontario Data Catalogue (Open Government Licence – Ontario). Crime Severity Index: Statistics Canada.

Living here

Commute

To downtown Kitchener: 1 km. Transit times · Driving times

Noise 1 source nearby

  • 🚆 Rail line (CN Huron Park Spur)150 m

Distances from the map, not noise measurements. Visit at rush hour to judge for yourself.

Internet High-speed

50/10 Mbps or faster available here by cable, fibre or DSL (the federal high-speed target).

From the federal broadband map. Check exact speeds and providers for the address.

Roads, rail, airports and planned stations © OpenStreetMap contributors. Internet: Innovation, Science and Economic Development Canada, National Broadband Data.

Listed by Keller Williams Home Group Realty.

Listing information provided by PropTx Innovations Inc. and TRREB; deemed reliable but not guaranteed accurate by PropTx.

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