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$775,000
Est. payment /mo
6 Beds
3 Baths
1,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500 - 2000
Square Footage 1,500 sqft
Price per Sqft $516
Subdivision 22 - East Of Sir John A. Blvd
MLS® Listing ID X13126954
Bedrooms 6
Property Description
Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until April 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential. (id:24570)
Location
Province ON
Rooms
Kitchen 2.0
Extra Room 1 Second level 3.13 m X 1.5 m Bathroom
Extra Room 2 Second level 3.52 m X 5.61 m Bedroom
Extra Room 3 Second level 3.53 m X 3.02 m Bedroom
Extra Room 4 Second level 3.1 m X 2.83 m Bedroom
Extra Room 5 Main level 3.41 m X 6.46 m Living room
Extra Room 6 Main level 5.08 m X 2.83 m Kitchen
Interior
Heating Forced air
Cooling None
Exterior
Parking Features No
Fence Fenced yard
View Y/N No
Attached Garage No
Total Parking Spaces 2
Garage No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
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Listed by ONE PERCENT REALTY LTD.
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