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Est. payment | -/mo

6 Beds

3 Baths

Save

Est. payment | -/mo

Save

6 Beds

3 Baths

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision 22 - East Of Sir John A. Blvd

MLS Listing ID X13126954

Style 2-Storey

Bedrooms 6

Annual Tax Amount $4,935

Tax Year 2025

Property Sub-Type Duplex

Property Description

Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until April 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential.

Location

Province ON

County Frontenac

Area Frontenac

Zoning UR5

Rooms

Family Room No

Basement Full, Unfinished

Kitchen 2

Interior

Interior Features Separate Hydro Meter, Water Heater Owned

Cooling None

Inclusions 3 x Fridges, 2 x stoves, washer, dryer, 1 x hot water tank

Exterior

Exterior Feature Porch, Year Round Living

Parking Features Front Yard Parking

Pool None

View Park/Greenbelt

Roof Type Shingles

Lot Frontage 51.0

Lot Depth 70.32

Total Parking Spaces 2

Building

Building Age 100+

Foundation Concrete

Others

Senior Community No

Security Features None

ParcelsYN No

Listed by ONE PERCENT REALTY LTD.

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138 Chatham ST Kingston, ON K7K 4H4