138 CHATHAM STREET, Kingston, Ontario K7K 4H4
$775,000.00
- 6 bedrooms
- 3 bathrooms
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 ... read more
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. (id:25417)
- Listing ID: X13679136
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 51 by 70.3 FT|under 1/2 Acre Fenced Yard |
| Parking: | No Garage 2 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Duplex |
| Appliances: | Dryer, Refrigerator, Stove, Washer and Water Heater |
| HVAC: | Fireplace and Forced Air Natural Gas |
| Exterior: | Vinyl Siding |
| Basement: | Full (Unfinished) |
| Utilities: | Cable and Sanitary Sewer |
| Location | |
|---|---|
| City: | Kingston |
| Province: | Ontario |
| Nearby Amenities: | Park and Public Transit |
| Rooms | Level | Dimensions |
|---|---|---|
| Bathroom | Second level | 3.13 m x 1.5 m |
| Bedroom | Second level | 3.52 m x 5.61 m |
| Bedroom | Second level | 3.53 m x 3.02 m |
| Bedroom | Second level | 3.1 m x 2.83 m |
| Living room | Main level | 3.41 m x 6.46 m |
| Kitchen | Main level | 5.08 m x 2.83 m |
| Dining room | Main level | 4.45 m x 1.8 m |
| Bedroom | Main level | 3.45 m x 3.92 m |
| Bedroom | Main level | 3.44 m x 2.37 m |
| Bathroom | Main level | 1.65 m x 2.64 m |
| Laundry room | Main level | 1.9 m x 1.69 m |
| Bedroom | Upper Level | 4.69 m x 4.05 m |
| Kitchen | Upper Level | 3.11 m x 3.21 m |
| Bathroom | Upper Level | 2.81 m x 1.14 m |
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