Turnkey, fully tenanted triplex in a prime central Kingston location offering strong, reliable income. This well-maintained property features three spacious 2-bedroom units, each with a full bath and in-suite laundry, appealing to quality long-term tenants. Current rents are $1,800 for Unit 1 and $1,600 each for Units 2 and 3. Tenants pay heat and hydro, while the landlord covers water and sewer, ensuring stable and predictable expenses. Ideally located near Kingston Centre, downtown, Queen's University, and St. Lawrence College, with easy access to transit and Highway 401. Surrounded by amenities, this is an excellent opportunity to secure a solid investment in a high-demand rental area. (id:28469)
Facts & features
Property
MLS® Number
X12997692
Property Type
Multi-family
Community Name
25 - West of Sir John A. Blvd
Parking Space Total
5
Building
Bathroom Total
3
Bedrooms Above Ground
4
Bedrooms Below Ground
2
Bedrooms Total
6
Age
51 To 99 Years
Amenities
Fireplace(s), Separate Heating Controls
Appliances
Water Heater, Dryer, Stove, Washer, Refrigerator
Basement Development
Finished
Basement Features
Separate Entrance, Walk-up
Basement Type
N/a, Full, N/a, N/a (finished)
Cooling Type
None
Exterior Finish
Vinyl Siding
Foundation Type
Block
Heating Fuel
Electric
Heating Type
Baseboard Heaters
Stories Total
2
Size Interior
1,500 - 2,000 Sqft
Type
Triplex
Utility Water
Municipal Water
Parking
Attached Garage
—
Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
200 Ft
Size Frontage
53 Ft
Size Irregular
53 X 200 Ft
Size Total Text
53 X 200 Ft
Monthly payment estimate
$
Estimated payment—per month
Mortgage amount
—
Total interest
—
Down payments under 20% typically require mortgage default insurance (CMHC), which is not included in this estimate.
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
$3,210/mo
Ontario land transfer tax
$10,975 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.