Kingston (Central City East) ON, K7L 4M8
Property Information:
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:27)
Building Features:
- Style: Multiplex
- Building Type: Other
- Amenities:
- Basement Development: Finished
- Basement Type: Full
- Exterior Finish: Brick, Vinyl siding
- Fire Protection: Smoke Detectors
- Fireplace: Yes
- Floor Space: 2000 - 2500 sqft
- Foundation Type: Block
- Heating Type: Forced air
- Heating Fuel: Natural gas
- Cooling Type: Central air conditioning
- Appliances: Dishwasher, Dryer, Microwave, Stove, Washer, Window Coverings, Refrigerator
Property Features:
- Property Type: Multi-family
- Bedrooms: 8+3
- Bathrooms: 4
- Amenities Nearby: Public Transit
- Floor Space (approx): 2000 - 2500 Square Feet
- Irregular: Yes
- Lot Depth: 125.0 Feet
- Lot Frontage: 45.0 Feet
- Lot Size: 45 x 125 FT
- Utility Type: Hydro - Installed, Cable - Available, Sewer - Installed
- Zoning: A
- Sewer: Sanitary sewer
- Parking Type: No Garage
- No. of Parking Spaces: 4
Rooms:
- Primary Bedroom 2nd Level 4.17 m x 4.40 m 13.68 ft x 14.44 ft
- 2nd Bedroom 2nd Level 3.80 m x 3.33 m 12.47 ft x 10.93 ft
- 3rd Bedroom 2nd Level 4.15 m x 2.97 m 13.62 ft x 9.74 ft
- Kitchen 2nd Level 3.80 m x 3.16 m 12.47 ft x 10.37 ft
- Living 2nd Level 5.35 m x 3.62 m 17.55 ft x 11.88 ft
- Bathroom 2nd Level 2.70 m x 1.81 m 8.86 ft x 5.94 ft
- Kitchen Basement Level 1.56 m x 5.00 m 5.12 ft x 16.40 ft
- Dining Basement Level 2.18 m x 1.66 m 7.15 ft x 5.45 ft
- Living Basement Level 3.91 m x 6.83 m 12.83 ft x 22.41 ft
- Bathroom Basement Level 2.14 m x 1.50 m 7.02 ft x 4.92 ft
- Primary Bedroom Basement Level 3.79 m x 3.54 m 12.43 ft x 11.61 ft
- 2nd Bedroom Basement Level 3.79 m x 3.07 m 12.43 ft x 10.07 ft
- 3rd Bedroom Basement Level 3.79 m x 2.70 m 12.43 ft x 8.86 ft
- Kitchen Main Level 4.17 m x 2.41 m 13.68 ft x 7.91 ft
- Living Main Level 5.14 m x 3.65 m 16.86 ft x 11.98 ft
- Kitchen Main Level 2.12 m x 4.23 m 6.96 ft x 13.88 ft
- Dining Main Level 1.41 m x 2.06 m 4.63 ft x 6.76 ft
- Living Main Level 2.35 m x 2.86 m 7.71 ft x 9.38 ft
- Bedroom Main Level 2.97 m x 2.95 m 9.74 ft x 9.68 ft
- Bathroom Main Level 2.78 m x 1.51 m 9.12 ft x 4.95 ft
- Bathroom Main Level 2.66 m x 1.82 m 8.73 ft x 5.97 ft
- Primary Bedroom Main Level 4.15 m x 3.31 m 13.62 ft x 10.86 ft
- 2nd Bedroom Main Level 3.79 m x 3.31 m 12.43 ft x 10.86 ft
- 3rd Bedroom Main Level 2.98 m x 2.59 m 9.78 ft x 8.50 ft
- 4th Bedroom Main Level 3.76 m x 3.19 m 12.34 ft x 10.47 ft
Convert Measurement to:
Courtesy of: EXP REALTY, BROKERAGE
⚠ Potential Investment Performance
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Market Price Trends
Location of 493 COLLEGE STREET, Kingston (Central City East), Ontario, K7L 4M8
Demographic Information of 493 COLLEGE STREET, Kingston (Central City East), Ontario, K7L 4M8
Life Stage
Young CouplesEmployment Type
Service Sector/White CollarAverage Household Income
$80,692.23Average Number of Children
1.43Household Population
Household Structure
Age of Population
Education
Education Level
No certificate/diploma/degree
14.4 %High school certificate or equivalent
29.66 %Apprenticeship trade certificate/diploma
4.25 %College/non-university certificate
22.4 %University certificate (below bachelor)
1.22 %University Degree
28.07 %Commuter
Travel To Work
By Car
61.4 %By Public Transit
16.22 %By Walking
15.91 %By Bicycle
3.11 %By Other Methods
3.36 %Cultural Diversity
Knowledge of Official Language
Mother Tongue
Building Information
Building Type
Apartments (Low and High Rise)
75.08 %Houses
24.92 %