442-444 Montreal Street Kingston, Ontario K7K 3H7
$550,000
Approx. going-in cap rate of 6.2% @ $137k/unit. 4x 1-bedroom units, approx. 700 sqft each. An add-value investors ideal next project. Approx. 31% lift on overall rent roll once stabilized. Hydro is separately metered; however, the landlord currently pays - opportunity to pass this expense to tenants in the future to decrease overall expenses and increase NOI. Steel Roof (2014) , Furnace (2021). 3 Parking spots. (id:27910)
Property Details
| MLS® Number | X9005222 |
| Property Type | Multi-family |
| Parking Space Total | 4 |
Building
| Bathroom Total | 4 |
| Appliances | Refrigerator, Stove, Two Stoves |
| Heating Fuel | Electric |
| Heating Type | Forced Air |
| Size Interior | 4908.34 Sqft |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Irregular | 56.08 X 105.04 Ft |
| Size Total Text | 56.08 X 105.04 Ft |
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July 02 2024 05:44:03
Toronto Real Estate Board
Mysak Realty Inc.