Key Facts
- MLS® #: X12473329
- Property ID: SIRC2894653
- Property Type: Residential, Triplex
- Lot Size: 2,500 sq.ft.
- Bedrooms: 4
- Bathrooms: 3
- Additional Rooms: Den
- Parking Spaces: 5
- Listed By:
- RE/MAX RISE EXECUTIVES, BROKERAGE
Property Description
Legal non-conforming triplex in a prime location perfect for capturing top market rents. Each unit has in-suite laundry and dedicated parking, making it easy to rent and manage. The building is in excellent condition with numerous recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. Featuring high ceilings and exposed brick, all units show beautifully. The property includes two 1-bedroom units and one 2-bedroomunit. Unit #1 (1 bed) rents for $1,600/month, Unit #3 (1 bed) rents for $1,600/month, and Unit #2 (2 bed) rents for $1900/month. Total gross income is $61,200/year, with estimated annual expenses of $12,440, for a NOI of $48,760. Market Rent increases could comfortably raise the net to closer to $55,000. A well-maintained, cash-flowing investment with wonderful tenants and strong rental appeal. Call, text, or email to book your showing.
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Location
341 Division St, Kingston, Ontario, K7K 4A2 Canada
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