This fully tenanted triplex presents an exceptional investment opportunity in a highly convenient central location. The property features three spacious 2-bedroom units, each offering a full bathroom, in-suite laundry, and bright, functional layouts that attract quality tenants. Apartment #1 is rented for $1,800/month, while Apartments #2 and #3 each rent for $1,600/month. Tenants pay their own Heat and Hydro, with the Landlord covering Water and Sewer, ensuring straightforward management and consistent cash flow. Ideally situated near the Kingston Centre, downtown Kingston, Queen's University, and St. Lawrence College, this property provides excellent accessibility and strong rental demand. With easy transit access, close proximity to Highway 401, and nearby amenities including shops, restaurants, and Kingston's vibrant waterfront, 1348 Princess Street is a turnkey investment offering stability, convenience, and growth potential in one of Ontario's most desirable rental markets.
Property Type:
Residential Freehold
Property Sub Type:
Triplex
Home Style:
1 1/2 Storey
Approx. Age:
51-99
Total Approx Floor Area:
1500-2000
Lot Size:
<.50
Lot Depth:
200'61 m
Lot Frontage:
53'16.2 m
Lot Shape:
Rectangular
Direction Faces:
South
Bedrooms:
4+2
Bathrooms:
3.0
Water supply:
Municipal
Kitchens:
3
Kitchens in Basement:
1
Bedrooms Above Grade:
4
Bedrooms Below Grade:
2
Kitchens Above Grade:
2
Rooms Above Grade:
10
Rooms Below Grade:
5
Zoning:
CA
Heating type:
Baseboard
Heating Fuel:
Electric
Foundation:
Concrete Block
Roof:
Asphalt Shingle
Basement:
Separate Entrance, Finished, Full, Walk-Up
Fireplace/Stove:
No
Garage:
Attached
Garage Spaces:
1.0
Parking Features:
Front Yard Parking
Parking Spaces:
4
Total Parking Spaces:
5.0
Family Room:
Yes
Possession Details:
Flexible
Pool:
None
HST Applicable To Sale Price:
Included In
Taxes:
$5,151.92 /
2025
Assessment:
$- /
-
Frontenac
Kingston
25 - West of Sir John A. Blvd
Public Transit
Separate Heating Controls, Storage, Water Heater Owned
None
3 x stoves, 3 x refrigerators, 2 x washers, 2 x dryers, one washer-dryer combo, 3 x electric hot water tanks, smoke detectors.
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