Located just a short walk from Queens University downtown Kingston, 135 Nelson Street presents a prime opportunity to own a fully leased, turnkey student rental in one of Kingston's most sought-after investment areas. This five-bedroom, one-and-a-half-bath home is currently rented at $850 per room, with all tenants in place until April 2026 and an option to renew. The property has been a consistently strong-performing investment and has undergone a full facelift since purchase, including a rebuilt back deck, new front wooden steps, a fresh cement walkway, and an attic insulation top-up for improved efficiency. The home feels bright and airy, and has been a pleasure to lease out. The natural gas furnace was serviced last fall, and the roof was replaced in 2019. Another standout feature is the huge backyard - rare for the area - offering extra space for outdoor enjoyment or potential future use. The home also includes three parking spots, on-site laundry in the basement, and comes fully furnished, including a recently updated fridge and stove. With reliable second-year student tenants, strong rental income, and minimal upkeep required, this is a truly hands-off investment in the heart of Kingston's university district.
Property Type:
Residential Freehold
Property Sub Type:
Detached
Property Attached:
No
Home Style:
2-Storey
Approx. Age:
100+
Total Approx Floor Area:
1500-2000
Lot Size:
<.50
Depth:
132'40.2 m
Frontage:
33'10.1 m
Lot Shape:
Rectangular
Lot Details:
33.01 X 132
Direction Faces:
East
Bedrooms:
5
Bathrooms:
2.0
Water supply:
Municipal
Kitchens:
1
Bedrooms Above Grade:
5
Kitchens Above Grade:
1
Rooms Above Grade:
9
Heating type:
Forced Air
Heating Fuel:
Gas
Cooling:
No
Foundation:
Stone
Roof:
Asphalt Shingle
Basement:
Unfinished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Features:
Private
Parking Spaces:
3
Total Parking Spaces:
3.0
Family Room:
No
Possession Details:
Flexible
Pool:
None
Link:
No
HST Applicable To Sale Price:
Not Subject to HST
Taxes:
$4,711.4 /
2025
Assessment:
$- /
-
Kingston
14 - Central City East
Frontenac
Primary Bedroom - Main Floor
Deck
All existing furniture on site minus tenant belongings.
Data was last updated July 4, 2025 at 06:15 AM (UTC)
Area Statistics
Listings on market:
43
Avg list price:
$899,000
Min list price:
$399,900
Max list price:
$25,000,000
Avg days on market:
43
Min days on market:
1
Max days on market:
428
These statistics are generated based on the current listing's property type
and located in
14 - Central City East. Average values are
derived using median calculations.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.