Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 7 one-bedroom units and 5 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $182,600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. Financial statements and rent roll available upon request.
Property Type:
Commercial
Property Sub Type:
Investment
Freestanding:
Yes
Total Area:
1884 sq. ft. Square Feet
Total Area:
1,883.68 sq. ft.175 m2
Lot Depth:
67'5"20.5 m
Lot Frontage:
33'11"10.3 m
Water supply:
Municipal
Zoning:
C4-H(t1)
Heating type:
Baseboard
Survey Available:
No
Garage:
None
Parking Spaces:
3
Possession Details:
TBA
HST Applicable To Sale Price:
Not Subject to HST
Assessment Year:
2025
Type Taxes:
Annual
Taxes:
$20,636 /
2026
Assessment:
$- /
2025
Frontenac
Kingston
14 - Central City East
12 Stoves, 12 Refrigerators. New Hot water Tank(2 years), New Roof(1 year)
Coin Washer Dryer No need to paid rent, Tenants' Belongings
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