Size
-
Lot size
8309 sqft
Street frontage
-
Possession
2026-06-01
Price per sqft
$400 - $480
Taxes
$7,293 (2025)
Parking Type
-
Style
2-Storey
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Description
Well-located corner 5-plex in central Kingston offering reliable rental income with clear upside potential. Currently generating roughly $84,000 annually including laundry and parking income, with an estimated NOI around $64,000, representing a sub-5% cap rate (approximate). The property features five similar 2-bedroom units, each with a 4-piece bath, with three already updated and two offering future upside through improvements and rent growth. Situated on a corner lot with plenty of on-site parking, adding convenience for tenants and additional income potential. The building is well set up with separately metered hydro, 400 amp service, updated windows, radiant on-demand heating, owned hot water systems, and a roof replaced in 2015. Close to Queen's University and St. Lawrence College, with easy access to transit and everyday amenities, supporting consistent rental demand and long-term growth.
Broker: ROYAL LEPAGE REAL ESTATE SERVICES LTD.
MLS®#: X13159956
Property details
Parking:
10
Parking type:
-
Property type:
Multiplex
Heating type:
Radiant
Style:
2-Storey
MLS Size:
2500-3000 sqft
Lot front:
100 Ft
Lot depth:
82 Ft
Listed on:
May 22, 2026
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Instant estimate:
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$40,823
lower than listed pricei
High
$1,232,585
Mid
$1,158,177
Low
$1,126,670
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