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$ 1,750,000
Est. payment | /mo
9 Beds
7 Baths
$ 1,750,000
Est. payment | /mo
9 Beds
7 Baths
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 14 - Central City East
MLS Listing ID X12052874
Style 3-Storey
Bedrooms 9
Building Age 100+
Annual Tax Amount $9,609
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Incredible downtown Kingston legal 4-unit investment property seconds from Queen's University and everything else nice that Kingston has to offer. This 11 bedroom fourplex is the perfect addition to a rental portfolio offering a rare combination of stability, demand, and strong returns. The building is currently fully leased and has never been vacant - the consistent demand has been proven over the years. Owned by the same owner since 2004, this investment has paid off. Generating impressive rental yields, this property is currently bringing in over $113,000 per year! Unit 1 features 2 good sized bedrooms, along with a full kitchen and bath. Units 2, 3, & 4, are all 3 bedroom units with cozy kitchens, multiple bathrooms, big windows and large bedrooms. The charm, walkability, and lakeside lifestyle continue to attract tenants year-round. Whether you're expanding your portfolio or entering the market, this is a prime opportunity to invest in one of Ontario's most dependable university towns.
Location
Province ON
County Frontenac
Community 14 - Central City East
Area Frontenac
Rooms
Family Room No
Basement Finished
Kitchen 4
Separate Den/Office 2
Interior
Interior Features Water Heater Owned
Cooling None
Fireplace No
Heat Source Gas
Exterior
Pool None
Roof Type Asphalt Shingle
Lot Frontage 27.0
Lot Depth 116.0
Building
Foundation Stone
Listed by RE/MAX RISE EXECUTIVES, BROKERAGE
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