EXCEPTIONAL OPPORTUNITY - complete renovation (new electrical, plumbing, mechanical; fully permitted/inspected). Turn-key 4-plex with 9 beds / 2 parking, a 2-minute walk to Queens University and Kingston General Hospital; steps to downtown. Current gross rent $11,860/month ($142,320/yr). All units have separate hydro meters; owner currently pays hydro and internet transfer on renewal for $4,600/yr NOI lift. Impeccably maintained, low-maintenance building with consistent demand from students, hospital staff, and professionals. Ideal for investors seeking stable cash flow with upside, or Queens parents wanting safe, modern housing now and a quality rental hold long-term. (id:4069)
Address
160 KING STREET E
List Price
$1,780,000
Property Type
Multi-family
Type of Dwelling
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Kingston (central City East)
Bedrooms
9
Bathrooms
5
Floor Area
2500 - 3000 Sq. Ft.
Lot Size
24.1 x 55.5 FT Sq. Ft.
MLS® Number
X12695554
Listing Brokerage
RE/MAX RISE EXECUTIVES, BROKERAGE
Basement Area
Full (Finished)
Postal Code
K7L3A2
Site Influences
View
Features
Carpet Free
Amenities
Separate Electricity Meters
