7 Bedrooms

5 Bathrooms

2,500 - 3,000 sqft Interior

3 Parking spaces

45.3 X 52.2 Ft, Under 1/2 Acre Lot size

4 days ago Listed

Virtual tour None Baseboard Heaters Landscaped

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About this home

TURNKEY 5-PLEX IN DOWNTOWN KINGSTON - CASH FLOW NOW, ROOM TO GROW. This is the perfect time to start or expand your investment portfolio in Kingston, Ontario, and 432 Barrie Street is the perfect property to do it. This solid 5-plex offers an in-demand mix of 4 x 1-bedroom units and one 3-bedroom unit. Tenants pay hydro (electric heat) and each unit is separately metered. On-site coin laundry and dedicated parking for 3 vehicles provide additional steady income each month. The building attracts quality tenants - young professionals and students - with turnover averaging around every 2 years. Units have been consistently updated. Bonus: with some units currently below market rents, there is a clear path to grow income as leases turnover. Location, stability, and upside, all in one address. Rent roll, expenses, and property updates available on request. Schedule your private showing today. (id:28469)

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Facts & features

Property

MLS® Number: X13781810
Property Type: Multi-family
Community Name: 22 - East of Sir John A. Blvd
Amenities Near By: Park, Public Transit, Schools
Community Features: Community Centre
Equipment Type: Water Heater
Parking Space Total: 3
Rental Equipment Type: Water Heater
View Type: City View

Building

Bathroom Total: 5
Bedrooms Above Ground: 7
Bedrooms Total: 7
Age: 51 To 99 Years
Amenities: Separate Heating Controls, Separate Electricity Meters
Appliances: Water Heater, Dryer, Stove, Washer, Refrigerator
Basement Type: None
Cooling Type: None
Exterior Finish: Vinyl Siding
Foundation Type: Poured Concrete
Heating Fuel: Electric
Heating Type: Baseboard Heaters
Stories Total: 3
Size Interior: 2,500 - 3,000 Sqft
Type: Other
Utility Water: Municipal Water

Parking

No Garage: —

Land

Acreage: No
Land Amenities: Park, Public Transit, Schools
Landscape Features: Landscaped
Sewer: Sanitary Sewer
Size Depth: 52 Ft ,2 In
Size Frontage: 45 Ft ,3 In
Size Irregular: 45.3 X 52.2 Ft
Size Total Text: 45.3 X 52.2 Ft|under 1/2 Acre

Monthly payment estimate

Home price

Down payment 20%

Interest rate (%)

Amortization

Frequency

Estimated payment — per month

Mortgage amount: —
Total interest: —

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Cost of ownership

Est. monthly payment: $4,866/mo
Ontario land transfer tax: $18,455 one-time

Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.

The East of Sir John A. Blvd market

90 Active listings

$559,000 Median asking price

97% above median This home

40 days Avg. time on market

Browse all East of Sir John A. Blvd listings →

Location

432 Barrie Street, Kingston, Ontario K7K 3T9 · Get directions

432 Barrie Street