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Royal LePage
Royal LePage
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$2,100,000

Kingston (Central City West) ON, K7M 1E0

MLS® # X12576072

Property Information:

Prime Multi-Unit Investment Opportunity in Historic Portsmouth Village! This legal non-conforming five-unit residential building offers a turnkey opportunity in the heart of Portsmouth Village, ideally located at the corner of King Street West and Yonge Street. Fully renovated in 2021, it blends historic charm with modern function, just steps from Lake Ontario, Queens University, and west-end amenities. The property includes four spacious two-bedroom units and one bright one-bedroom unit, all thoughtfully upgraded with new insulation, siding, roof, windows, and exterior doors. Interiors feature modern fire and sound separations, updated mechanicals, plumbing, and electrical throughout. Each apartment is fully self-contained with its own natural gas furnace, central air, HRV, on-demand hot water tank, electrical panel, water meter, and in-suite laundry. Tenants pay all their own utilities, ensuring efficient, low-maintenance ownership. Units are finished to a high standard with stainless steel appliances, white shaker cabinetry, quartz countertops, tiled bath surrounds with full tubs, and ceramic flooring. Large windows create bright and inviting living spaces. Common indoor and outdoor lighting is on timers and powered by a dedicated electrical panel and sixth hydro meter, making this the only utility expense for the landlord. With desirable layouts, quality finishes, and an excellent location in one of Kingston' s most historic neighbourhoods, this fully renovated property presents a rare and stable multi-unit investment with strong rental appeal. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities: Separate Hydro Meters
  • Basement Type: Crawl space
  • Exterior Finish: Vinyl siding
  • Floor Space: 3500 - 5000 sqft
  • Foundation Type: Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances:

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 9
  • Bathrooms: 6
  • Half Bathrooms: 3
  • Floor Space (approx): 3500 - 5000 Square Feet
  • Irregular: Yes
  • Lot Depth: 81.0 Feet
  • Lot Frontage: 68.3 Feet
  • Lot Size: 68.3 x 81 FT
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 5

Courtesy of: RE/MAX RISE EXECUTIVES, BROKERAGE

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 120 YONGE STREET, Kingston (Central City West), Ontario, K7M 1E0

Demographic Information of 120 YONGE STREET, Kingston (Central City West), Ontario, K7M 1E0

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$122,628.35

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.22 %

High school certificate or equivalent

22.96 %

Apprenticeship trade certificate/diploma

1.3 %

College/non-university certificate

20.63 %

University certificate (below bachelor)

0.81 %

University Degree

45.08 %

Commuter

Travel To Work

By Car

62.79 %

By Public Transit

11.93 %

By Walking

18.55 %

By Bicycle

1.78 %

By Other Methods

4.95 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

26.04 %

Houses

73.96 %

Own Vs. Rent

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