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Royal LePage
Royal LePage
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$669,900

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

MLS® # X12615750

Property Information:

Attention Investors and Queen's University Parents! Beautifully kept cash-flowing legal non-conforming triplex in prime downtown Kingston location! Aggressively priced and fully rented with a 7.28% cap rate and immediate cash flow. Unit #1 (1BR): $1,600/month, Unit #3 (1BR): $1,600/month, Unit #2 (2BR): $1,900/month for a total gross income of $61,200 annually. Operating expenses are $12,440 (Taxes: $4,568, Insurance: $2,210, Utilities: $5,662) for an NOI of $48,760 with upside potential to $55,000+ through strategic rent increases. Each unit features in-suite laundry and dedicated parking-a rare combination that commands premium rents. The building is in excellent condition with extensive recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. High ceilings and exposed brick throughout make units highly attractive to tenants. This is a turnkey investment with quality tenants in place, low operating costs, and strong cash flow from day one. Perfect for first-time multi-family investors or experienced landlords looking for a solid performing asset in Kingston's strong rental market. Easy showings available-call, text, or email to book your viewing. (id:27)

Building Features:

  • Style: Multiplex
  • 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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