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Kingston,ON K7L 3S4
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision 14 - Central City East
MLS Listing ID X12074413
Style 3-Storey
Bedrooms 9
Building Age 100+
Annual Tax Amount $9,609
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Incredible downtown Kingston legal 4-unit investment property seconds from Queen's University and everything else nice that Kingston has to offer. This 11 bedroom fourplex is the perfect addition to a rental portfolio offering a rare combination of stability, demand, and strong returns. The building is currently fully leased and has never been vacant - the consistent demand has been proven over the years. Owned by the same owner since 2004, this investment has paid off. Generating impressive rental yields, this property is currently bringing in over $113,000 per year! Unit 1 features 2 good sized bedrooms, along with a full kitchen and bath. Units 2, 3, & 4, are all 3 bedroom units with cozy kitchens, multiple bathrooms, big windows and large bedrooms. The charm, walkability, and lakeside lifestyle continue to attract tenants year-round. Whether you're expanding your portfolio or entering the market, this is a prime opportunity to invest in one of Ontario's most dependable university towns.
Location
Province ON
County Frontenac
Community 14 - Central City East
Area Frontenac
Rooms
Family Room No
Kitchen 4
Interior
Cooling None
Exterior
Pool None
Roof Type Asphalt Shingle
Building
Foundation Stone