REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Tony & Ledi Real Estate Team

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

Est. payment | -/mo

5 Beds

2 Baths

Save

Est. payment | -/mo

Save

5 Beds

2 Baths

Key Details

Property Type Multi-Family

Sub Type Semi-Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision 22 - East Of Sir John A. Blvd

MLS Listing ID X13419790

Style 2-Storey

Bedrooms 5

Annual Tax Amount $3,477

Tax Year 2026

Property Sub-Type Semi-Detached

Property Description

6.6% Net Cap Rate with Additional Income Upside. An exceptional turnkey investment opportunity with $43,200 in annual gross rental income and a 6.6% net cap rate, with further potential to increase revenue.The property is currently rented as a 4-bedroom student rental at $3,600 per month plus utilities, with a lease in place until the end of April 2027 with the high possibility of these tenants renewing their leases. .Located within walking distance of downtown Kingston and Queen's University, this property benefits from a highly desirable location and consistent demand for student housing. The property has been well maintained and consistently occupied, offering investors immediate income while providing clear upside potential. With the existing four-bedroom configuration generating a 6.6% net cap rate, the opportunity to add rental income through the currently unused bedroom, potential dining-room conversion, and parking space creates the potential for an even stronger return over time.There is meaningful opportunity to increase the property's income beyond the current $43,200 annual rent. The home includes a fifth, smaller bedroom on the second floor that is not currently being rented, along with the potential to convert the existing dining room into an additional bedroom. There is also one dedicated parking space that could potentially be monetized separately. These opportunities provide investors with several avenues to enhance future rental income with relatively modest improvements.

Location

Province ON

County Frontenac

Area Frontenac

Rooms

Family Room No

Basement Unfinished

Kitchen 1

Interior

Interior Features Carpet Free, Water Heater Owned

Cooling None

Inclusions dryer, range hood, stove, fridge, washer

Exterior

Pool None

Roof Type Asphalt Shingle

Lot Frontage 16.7

Lot Depth 74.0

Total Parking Spaces 1

Building

Foundation Stone

Others

Senior Community No

ParcelsYN No

Listed by SUTTON GROUP-MASTERS REALTY INC., BROKERAGE

Find out why customers are choosing LPT Realty to meet their real estate needs

+1(647) 493-3579

info@tonyledi.com

CAN

Learn More About LPT Realty

378 Barrie ST Kingston, ON K7K 3T4