A rare opportunity to own a well-maintained, fully tenanted triplex in one of Kingston's most desirable downtown neighbourhoods. Ideally located on a prestigious street within walking distance to Queen's University, Kingston's major hospitals, and the sought-after Winston Churchill Public School district, this exceptional investment property generates $5,810/month ($69,720 annually) in gross rental income, with potential to increase to $6,410/month ($76,920 annually) through one owner-reserved room currently being marketed for rent. Situated on an approximately 38.5 x 122 ft lot, the property offers strong cash flow with excellent upside potential. Seller will transfer the balance of prepaid rent to the buyer on closing. ** This is a linked property.** (id:28469)
Facts & features
Property
MLS® Number
X13625270
Property Type
Single Family
Community Name
14 - Central City East
Ownership
Freehold
Equipment Type
Water Heater
Parking Space Total
6
Rental Equipment Type
Water Heater
Building
Bathroom Total
3
Bedrooms Above Ground
7
Bedrooms Below Ground
2
Bedrooms Total
9
Age
51 To 99 Years
Appliances
Water Heater, Dryer, Stove, Washer, Refrigerator
Basement Development
Finished
Basement Features
Separate Entrance
Basement Type
N/a, Full, N/a (finished)
Construction Style Attachment
Detached
Cooling Type
None
Exterior Finish
Aluminum Siding
Foundation Type
Poured Concrete
Heating Fuel
Other
Heating Type
Baseboard Heaters
Stories Total
3
Size Interior
2,000 - 2,500 Sqft
Type
House
Utility Water
Municipal Water
Parking
Detached Garage
—
Garage
—
Land
Acreage
No
Sewer
Sanitary Sewer
Size Depth
122 Ft
Size Frontage
38 Ft ,6 In
Size Irregular
38.5 X 122 Ft
Size Total Text
38.5 X 122 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
$4,427/mo
Ontario land transfer tax
$16,473 one-time
Payment assumes 20% down over 25 years. First-time buyers may get up to $4,000 back on land transfer tax.