185-187 MONTREAL Street

Nestled in Kingston’s vibrant Inner Harbour neighbourhood, 185-187 Montreal St. presents an exceptional investment opportunity. Conveniently situated within walking distance to McBurney Park (6 minutes), Artillery Park (7 minutes), and Princess St (10 minutes), this semi-detached duplex enjoys prime access to downtown offices, shops, restaurants, the waterfront, and Queen’s University. Each unit offers three bedrooms including a spacious loft, a modern kitchen, open living/dining areas, second-floor laundry, and parking for four cars.The entire property underwent a thorough interior upgrade in 2019/2020, including a full rebuild from the studs up while preserving original hardwood floors. New features comprise of insulation, drywall, paint, custom kitchens, stainless-steel appliances (two of each: fridges, dishwashers, stoves, furnace, A/C , and laundry units), renovated bathrooms, bedrooms, a finished third-floor den/bedroom, doors, trim, and exterior landscaping. In 2012, windows and siding were also upgraded and the shingles in 2022. With separate utilities for each unit, tenants have individual control over their living spaces. Currently generating a total gross income of $60,000 annually with both units rented, the future owner can continue as a landlord or live in one side and rent the other as one side will be vacant June 1 2024. Additionally, with the potential for severance, there are opportunities for further development or customization. Boasting proximity to amenities and abundant potential, this duplex stands as a true gem in Kingston's real estate market. (id:4069)