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Royal LePage
Royal LePage
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$724,900

Kingston (East Of Sir John A. Blvd) ON, K7K 4A2

MLS® # X12473329

Property Information:

Legal non-conforming triplex in a prime location perfect for capturing top market rents. Each unit has in-suite laundry and dedicated parking, making it easy to rent and manage. The building is in excellent condition with numerous recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. Featuring high ceilings and exposed brick, all units show beautifully. The property includes two 1-bedroom units and one 2-bedroomunit. Unit #1 (1 bed) rents for $1,600/month, Unit #3 (1 bed) rents for $1,600/month, and Unit #2 (2 bed) rents for $1900/month. Total gross income is $61,200/year, with estimated annual expenses of $12,440, for a NOI of $48,760. Market Rent increases could comfortably raise the net to closer to $55,000. A well-maintained, cash-flowing investment with wonderful tenants and strong rental appeal. Call, text, or email to book your showing. (id:27)

Building Features:

  • Style: Triplex
  • Building Type: Triplex
  • Basement Development: Unfinished
  • Basement Type: N/A
  • Exterior Finish: Vinyl siding, Brick
  • Floor Space: 1500 - 2000 sqft
  • Foundation Type: Stone
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 4
  • Bathrooms: 3
  • Floor Space (approx): 1500 - 2000 Square Feet
  • Irregular: Yes
  • Lot Depth: 100.0 Feet
  • Lot Frontage: 25.0 Feet
  • Lot Size: 25 x 100 FT
  • Zoning: A
  • 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 341 DIVISION STREET, Kingston (East of Sir John A. Blvd), Ontario, K7K 4A2

Demographic Information of 341 DIVISION STREET, Kingston (East of Sir John A. Blvd), Ontario, K7K 4A2

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$92,361.56

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.07 %

High school certificate or equivalent

33.86 %

Apprenticeship trade certificate/diploma

3.07 %

College/non-university certificate

18.35 %

University certificate (below bachelor)

0.58 %

University Degree

30.07 %

Commuter

Travel To Work

By Car

57.61 %

By Public Transit

9.12 %

By Walking

25.07 %

By Bicycle

3.63 %

By Other Methods

4.57 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

50.18 %

Houses

49.82 %

Own Vs. Rent

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