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:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
Other
Total Approx Floor Area:
< 700
Lot Depth:
67'5"20.5 m
Lot Frontage:
33'11"10.3 m
Direction Faces:
West
Bedrooms:
12
Bathrooms:
12.0
Water supply:
Municipal
Kitchens:
12
Bedrooms Above Grade:
12
Kitchens Above Grade:
12
Rooms Above Grade:
12
Heating type:
Baseboard
Heating Fuel:
Electric
Foundation:
Concrete
Roof:
Flat
Basement:
None
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Parking Spaces:
3
Total Parking Spaces:
3.0
Family Room:
No
Possession Details:
TBA
Pool:
None
HST Applicable To Sale Price:
Not Subject to HST
Assessment Year:
2025
Taxes:
$20,636 /
2026
Assessment:
$- /
2025
Frontenac
Kingston
14 - Central City East
None
12 Stoves, 12 Refrigerators. New Hot water Tank(2 years), New Roof(1 year)
Coin Washer Dryer No need to paid rent, Tenants' Belongings
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.