Key Facts
- MLS® #: X12544210
- Property ID: SIRC2968262
- Property Type: Residential, Multiplex
- Lot Size: 5,625 sq.ft.
- Year Built: 51
- Bedrooms: 8+3
- Bathrooms: 4
- Additional Rooms: Den
- Parking Spaces: 4
- Listed By:
- EXP REALTY, BROKERAGE
Property Description
Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen's University, St. Lawrence College, and the Teachers' College, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location - modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you've been looking for. Schedule your private viewing today.
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Rooms
- TypeLevelDimensionsFlooring
- KitchenMain7' 10.8" x 13' 8.1"Other
- Living roomMain11' 11.7" x 16' 10.3"Other
- BathroomMain5' 11.6" x 8' 8.7"Other
- OtherMain10' 10.3" x 13' 7.3"Other
- BedroomMain10' 10.3" x 12' 5.2"Other
- BedroomMain8' 5.9" x 9' 9.3"Other
- BedroomMain10' 5.5" x 12' 4"Other
- Kitchen2nd floor10' 4.4" x 12' 5.6"Other
- Living room2nd floor11' 10.5" x 17' 6.6"Other
- Bathroom2nd floor5' 11.2" x 8' 10.2"Other
- Other2nd floor14' 5.2" x 13' 8.1"Other
- Bedroom2nd floor10' 11.1" x 12' 5.6"Other
- Bedroom2nd floor9' 8.9" x 13' 7.3"Other
- KitchenBasement16' 4.8" x 5' 1.4"Other
- Dining roomBasement5' 5.3" x 7' 1.8"Other
- Living roomBasement22' 4.8" x 12' 9.9"Other
- BathroomBasement4' 11" x 7' 2.5"Other
- OtherBasement11' 7.3" x 12' 5.2"Other
- BedroomBasement10' 8.6" x 12' 5.2"Other
- BedroomBasement8' 10.2" x 12' 5.2"Other
- KitchenMain13' 10.5" x 6' 11.4"Other
- Dining roomMain6' 9.1" x 4' 7.5"Other
- Living roomMain9' 4.5" x 7' 8.5"Other
- BedroomMain9' 8.1" x 9' 8.9"Other
- BathroomMain4' 11.4" x 9' 1.4"Other
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Location
493 College St, Kingston, Ontario, K7L 4M8 Canada
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