138 Chatham St, Kingston, Ontario

Multi-Family for Sale in Kingston

138 Chatham St, Kingston, ON

  • CA$775,000
  • 6 BEDS
  • 3 BATHS
  • CA$775,000

Multi-Family for Sale in Kingston

138 Chatham St, Kingston, ON

  • CA$775,000
  • 6 BEDS
  • 3 BATHS
  • CA$775,000

Key Facts

  • MLS® #: X13126954
  • Property ID: SIRC3338810
  • Property Type: Residential, Duplex
  • Lot Size¹: 70.32x51 ft.
  • Year Built: 100
  • Bedrooms: 6
  • Bathrooms: 3
  • Parking Spaces: 2
  • Listed By:
  • ONE PERCENT REALTY LTD.

Property Description

Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until April 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential.

Rooms

  • TypeLevelDimensionsFlooring
  • Living roomMain21' 2.3" x 11' 2.2"Other
  • KitchenMain9' 3.4" x 16' 8"Other
  • Dining roomMain5' 10.8" x 14' 7.1"Other
  • BedroomMain12' 10.3" x 11' 3.8"Other
  • BedroomMain7' 9.3" x 11' 3.4"Other
  • BathroomMain8' 7.9" x 5' 4.9"Other
  • Laundry roomMain5' 6.5" x 6' 2.8"Other
  • Bedroom2nd floor18' 4.8" x 11' 6.5"Other
  • Bedroom2nd floor9' 10.8" x 11' 6.9"Other
  • Bedroom2nd floor9' 3.4" x 10' 2"Other
  • Bathroom2nd floor4' 11" x 10' 3.2"Other
  • BedroomUpper13' 3.4" x 15' 4.6"Other
  • KitchenUpper10' 6.3" x 10' 2.4"Other
  • BathroomUpper3' 8.8" x 9' 2.6"Other

Listing Agents

ONE PERCENT REALTY LTD.

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Location

138 Chatham St, Kingston, Ontario, K7K 4H4 Canada

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