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MLS® X13778214
Kingston, ON
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
Inclusions
12 Stoves, 12 Refrigerators. New Hot water Tank(2 years), New Roof(1 year)
Exclusions
Coin Washer Dryer No need to paid rent, Tenants' Belongings
Broker
CENTURY 21 LANDUNION REALTY INC.
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Investment
442 Macdonnell Street Kingston
Kingston
Type
Investment
Parking
None
Property Tax
~$20,636/yr
Heating
Baseboard
Buying Essentials
Square Feet
1884 sqft
Parking
None
Finances
List Price
$2,375,000
Price per SQFT
$1,261/sqft
Property Tax
~$20,636/yr
Property Specs
Property Type
Investment
MLS Size
1884 sqft
Living & Amenities
Heating Type
Baseboard
Policies & Utilities
Neighbourhood
Kingston
Listed On
Sep 13, 2026
Days on Market
Current: 55 days
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