ACTIVE
493 College Street Kingston, Ontario K7L 4M8
$1,649,000
11 Beds 4 Bath 2,000 - 2,500 ft<sup>2</sup>
Central Air ConditioningForced Air
Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen's University, St. Lawrence College, and the Teachers' College, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location - modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you've been looking for. Schedule your private viewing today. (id:28469)
Property Details
- MLS® Number
- X12544210
- Property Type
- Multi-family
- Community Name
- 14 - Central City East
- Amenities Near By
- Public Transit
- Parking Space Total
- 4
Building
- Bathroom Total
- 4
- Bedrooms Above Ground
- 8
- Bedrooms Below Ground
- 3
- Bedrooms Total
- 11
- Age
- 51 To 99 Years
- Amenities
- Fireplace(s)
- Appliances
- Water Heater, Dishwasher, Dryer, Microwave, Stove, Washer, Window Coverings, Refrigerator
- Basement Development
- Finished
- Basement Type
- Full (finished)
- Cooling Type
- Central Air Conditioning
- Exterior Finish
- Brick, Vinyl Siding
- Fire Protection
- Smoke Detectors
- Fireplace Present
- Yes
- Foundation Type
- Block
- Heating Fuel
- Natural Gas
- Heating Type
- Forced Air
- Stories Total
- 2
- Size Interior
- 2,000 - 2,500 Ft<sup>2</sup>
- Type
- Other
- Utility Water
- Municipal Water
Parking
Land
- Acreage
- No
- Land Amenities
- Public Transit
- Sewer
- Sanitary Sewer
- Size Depth
- 125 Ft
- Size Frontage
- 45 Ft
- Size Irregular
- 45 X 125 Ft
- Size Total Text
- 45 X 125 Ft|under 1/2 Acre
- Zoning Description
- A
Rooms
Primary Bedroom
Second Level
Bedroom 2
Second Level
Bedroom 3
Second Level
Kitchen
Second Level
Living Room
Second Level
Bathroom
Second Level
Kitchen
Basement
Dining Room
Basement
Living Room
Basement
Bathroom
Basement
Primary Bedroom
Basement
Bedroom 2
Basement
Bedroom 3
Basement
Kitchen
Main Level
Living Room
Main Level
Kitchen
Main Level
Dining Room
Main Level
Living Room
Main Level
Bedroom
Main Level
Bathroom
Main Level
Bathroom
Main Level
Primary Bedroom
Main Level
Bedroom 2
Main Level
Bedroom 3
Main Level
Bedroom 4
Main Level
Utilities
- Cable
- Available
- Electricity
- Installed
- Sewer
- Installed
Neighbourhood
Pierre Nadeau
Broker
www.nadeaurealestategroup.com/
Exp Realty, Brokerage
225-427 Princess St
Kingston, Ontario K7L 5S9
225-427 Princess St
Kingston, Ontario K7L 5S9
(866) 530-7737
www.exprealty.ca/
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November 14 2025 09:21:26
Kingston & Area Real Estate Association
Exp Realty, Brokerage