11 Bedrooms

4 Bathrooms

2,000 - 2,500 sqft Interior

6 Parking spaces

45 X 125 Ft, Under 1/2 Acre Lot size

3 days ago Listed

Virtual tour Fireplace Central Air Conditioning Forced Air, Heat Pump Finished basement

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About this home

Great income, bringing in $125,000 in annual rent. Fully renovated 4-plex in an amazing location close to Queen's University, St. Lawrence College and Teachers College. The main building has 3 spacious units with two 3-bedroom units, one 4-bedroom unit, and an additional 1-bedroom separate unit. This 4-plex has been renovated from top to bottom, with new kitchens, bathrooms, flooring, and new 400-AMP electrical and plumbing systems. Each unit has its own laundry. The basement unit and the separate unit are completely new. All units are currently rented at great market rent. Great returns on this property with minimal effort required, with no work at all to be done to this property for a long time. Total annual expenses for taxes, maintenance, property manager, utilities and insurance are $22,000. Schedule your private viewing today. (id:28469)

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Facts & features

Property

MLS® Number: X14098082
Property Type: Multi-family
Community Name: 14 - Central City East
Amenities Near By: Public Transit
Parking Space Total: 6

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, Water Meter, Dishwasher, Dryer, Microwave, Stove, Washer, Window Coverings, Refrigerator
Basement Development: Finished
Basement Features: Apartment In Basement
Basement Type: Full, N/a (finished), N/a
Cooling Type: Central Air Conditioning
Exterior Finish: Brick, Aluminum Siding
Fire Protection: Smoke Detectors
Fireplace Present: Yes
Foundation Type: Block
Heating Fuel: Natural Gas
Heating Type: Forced Air, Heat Pump
Stories Total: 2
Size Interior: 2,000 - 2,500 Sqft
Type: Other
Utility Water: Municipal Water

Parking

Detached Garage: —
Garage: —

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

Utilities

Cable: Available
Electricity: Installed
Sewer: Installed

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: $6,974/mo
Ontario land transfer tax: $27,975 one-time

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

The Central City East market

84 Active listings

$759,950 Median asking price

107% above median This home

32 days Avg. time on market

Browse all Central City East listings →

Rooms

Second Level

Primary Bedroom 4.17 m x 4.4 m
Bedroom 2 3.8 m x 3.33 m
Bedroom 3 4.15 m x 2.97 m
Kitchen 3.8 m x 3.16 m
Living Room 5.35 m x 3.62 m
Bathroom 2.7 m x 1.81 m

Basement

Kitchen 1.56 m x 5 m
Dining Room 2.18 m x 1.66 m
Living Room 3.91 m x 6.83 m
Bathroom 2.14 m x 1.5 m
Primary Bedroom 3.79 m x 3.54 m
Bedroom 2 3.79 m x 3.07 m
Bedroom 3 3.79 m x 2.7 m

Main Level

Kitchen 4.17 m x 2.41 m
Living Room 5.14 m x 3.65 m
Kitchen 2.12 m x 4.23 m
Dining Room 1.41 m x 2.06 m
Living Room 2.35 m x 2.86 m
Bathroom 2.66 m x 1.82 m
Bedroom 2.97 m x 2.95 m
Bathroom 2.78 m x 1.51 m
Primary Bedroom 4.15 m x 3.31 m
Bedroom 2 3.79 m x 3.31 m
Bedroom 3 2.98 m x 2.59 m
Bedroom 4 3.76 m x 3.19 m

Location

493 College Street, Kingston, Ontario K7L 4M8 · Get directions

493 College Street