An exceptional student housing investment in Kingston's University District, just a 3-minute walk to Queen's University and 2 minutes from the Hub entertainment district, with a grocery store and pharmacy within one block. This 8-bedroom home generates $9,400 per month ($112,800 annually). Tenants pay all utilities, and the current lease runs until April 30, 2027. The home features 2 kitchens, 2 living areas, 2 bathrooms and a 3rd floor primary Loft Suite. Originally designed as 2 separate units, it may offer the option to convert back (buyer to verify). Parking for 5 includes 3 tenant spaces plus 2 spaces rented separately at $100/month each. Their regular U-shaped lot adds possible future development potential. This is exactly where students want to live and investors want to own. (id:13843)
| MLS # | X13857066 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Status | Active |
| Days On Site | 27 |
| Listing Provided By | RE/MAX FINEST REALTY INC., BROKERAGE | RICHARD GALLAGHER |
| Bed(s) | 8 |
|---|---|
| Bath(s) | 2 Total |
| SQ Feet | 2,000 |
| Basement | Y |
| Story(s) | 2 |
| Zoning | URM3 |
| Cooling | None |
|---|---|
| Heating | Natural gas |
| Appliances | Refrigerator, Water meter, Stove |
| Fireplace Yes / No | No |
| Foundation Details | Stone, Block, Concrete |
|---|
| Parking Features | No Garage |
|---|---|
| Parking Total | 5 |
| Utilities | Sewer, Electricity, Cable |
|---|---|
| Sewer | Sanitary sewer |
| Water Source | Municipal water |
| Tax Annual Amount | 9985.8 |
|---|
| Province | ON |
|---|---|
| City | Kingston |
| Postal Code | K7L1T1 |
| Listing VS Median (in K7L1T1) | |
Price: $1,200,000 low | high Med: $1,200,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $600 low | high Med: $600 On site: 27 low | high Med: 27 | |
| Province | ON |
|---|---|
| City | Kingston |
| Postal Code | K7L1T1 |
| Listing VS Median (in K7L1T1) | |
Price: $1,200,000 low | high Med: $1,200,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $600 low | high Med: $600 On site: 27 low | high Med: 27 | |