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Tony & Ledi Real Estate Team

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Est. payment | -/mo

12 Beds

12 Baths

Save

Est. payment | -/mo

Save

12 Beds

12 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft < 700

Subdivision 14 - Central City East

MLS Listing ID X13778204

Style Other

Bedrooms 12

Annual Tax Amount $20,636

Tax Year 2026

Property Sub-Type Multiplex

Property Description

Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 6 one-bedroom units and 6 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 $186600 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. CMHC Mortgage is transferable with certain conditions. The Loan loan term ends in 2029

Location

Province ON

County Frontenac

Area Frontenac

Rooms

Family Room No

Basement None

Kitchen 12

Interior

Interior Features None

Cooling Other

Inclusions 12 Stoves, 12 Refrigerators. New Hot water Tank(2 years), New Roof(1 year)

Exterior

Pool None

Roof Type Flat

Lot Frontage 33.91

Lot Depth 67.4

Total Parking Spaces 3

Building

Foundation Concrete

Others

Senior Community No

ParcelsYN No

Listed by CENTURY 21 LANDUNION REALTY INC.

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442 Macdonnell ST Kingston, ON K7L 4E4