271-273 Rideau ST new Save Request In-Person Tour Request Virtual Tour
Kingston,ON K7K 3A7
Key Details
Property Type Multi-Family
Sub Type Semi-Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision 22 - East Of Sir John A. Blvd
MLS Listing ID X12146864
Style 2-Storey
Bedrooms 11
Building Age 100+
Annual Tax Amount $7,243
Tax Year 2024
Property Sub-Type Semi-Detached
Appx SqFt 3000-3500
Property Description
Seize this rare chance to elevate your investment portfolio! This exceptional 5-unit semi-detached building is located just steps away from the vibrant historic downtown Kingston. This property boasts two spacious 3-bedroom units, two generous 2-bedroom units, and a cozy 1-bedroom unit all designed without carpets for a fresh and airy atmosphere. Enjoy the convenience of a large parking lot situated behind the building for your tenants. The property has seen numerous updates, including modern flooring throughout, select window replacements, and a brand-new roof installed in 2018. Its truly a turnkey investment, currently generating an impressive monthly rental income of $7,910.35 (with tenants covering their own hydro), resulting in a robust gross annual net income of $94,924.20. Conveniently located within walking distance of public transport, parks, schools, and just blocks away from all the shops, entertainment, and dining options that historic downtown Kingston has to offer, this is an opportunity you wont want to overlook!
Location
Province ON
County Frontenac
Community 22 - East Of Sir John A. Blvd
Area Frontenac
Rooms
Family Room No
Kitchen 5
Interior
Cooling None
Exterior
Exterior Feature Porch
Parking Features Private
Pool None
Waterfront Description None
View City
Roof Type Asphalt Shingle
Building
Foundation Block,Stone