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Tony & Ledi Real Estate Team

info@tonyledi.com +1(647) 493-3579

Est. payment | -/mo

10 Beds

5 Baths

Save

Est. payment | -/mo

Save

10 Beds

5 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2500-3000

Subdivision 18 - Central City West

MLS Listing ID X13159956

Style 2-Storey

Bedrooms 10

Annual Tax Amount $7,545

Tax Year 2026

Property Sub-Type Multiplex

Property Description

Well-located corner 5-plex in central Kingston offering reliable rental income with clear upside potential. Currently generating roughly $84,000 annually including laundry and parking income, with an estimated NOI around $64,000, representing a sub-5% cap rate (approximate). The property features five similar 2-bedroom units, each with a 4-piece bath, with three already updated and two offering future upside through improvements and rent growth. Situated on a corner lot with plenty of on-site parking, adding convenience for tenants and additional income potential. The building is well set up with separately metered hydro, 400 amp service, updated windows, radiant on-demand heating, owned hot water systems, and a roof replaced in 2015. Close to Queen's University and St. Lawrence College, with easy access to transit and everyday amenities, supporting consistent rental demand and long-term growth.

Location

Province ON

County Frontenac

Area Frontenac

Zoning A2

Rooms

Family Room No

Basement Apartment

Kitchen 5

Interior

Interior Features On Demand Water Heater, Separate Hydro Meter, Water Heater Owned

Cooling None

Inclusions All existing appliances and ELFs, radiant heating systems, water tanks, on-demand hot water system, exterior garden shed

Exterior

Parking Features Private

Pool None

Roof Type Tar and Gravel

Lot Frontage 100.0

Lot Depth 82.0

Total Parking Spaces 10

Building

Building Age 31-50

Foundation Block

Others

Senior Community No

ParcelsYN Yes

Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.

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1028 Johnson ST Kingston, ON K7M 2N4