Space
Finished area and layout
- Living Area
- 1,884 sqft
- Building Area
- 1,884 sqft
- Bedrooms
- 12
- Bathrooms
- 12





Property Snapshot
MLS #X13778214
Finished area and layout
Type, style and structure
This 12-bedroom, 12-bathroom multiplex in Kingston offers 1,884 sqft of living area on a 33.9 x 67.4 FT lot. The property has zoned C4-H(t1). The home features other, a none basement. Highlights include a none pool.
Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 6 one-bedroom units and 6 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $186600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. CMHC Mortgage is transferable with certain conditions. The Loan loan term ends in 2029 (id:60351)
Princess St and MacDonnell
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Land, frontage and setting
Price, taxes and monthly charges
Listed by PHILIP DENG, CENTURY 21 LANDUNION REALTY INC.
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Listed by PHILIP DENG, CENTURY 21 LANDUNION REALTY INC. · MLS# X13778214
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Disclaimer: The mortgage estimates and monthly cost calculations shown above are for illustrative purposes only and should not be relied upon as financial advice. Actual mortgage rates, terms, and eligibility depend on your personal financial situation, credit history, and current market conditions. Please consult a licensed mortgage broker, financial advisor, or your bank to determine your actual affordability and mortgage costs before making any purchasing decisions.
Calculating…
Estimate from the jurisdiction's published transfer-tax rates. Consult your lawyer for exact amounts.