493 COLLEGE STREET, Kingston (Central City East), Ontario, K7L 4M8

$1,649,000

MLS® # X12544210

Investment For Sale In Sunnyside, Kingston (Central City East), Ontario

$1,649,000

Property Information:

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. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities:
  • Basement Development: Finished
  • Basement Type: Full
  • Exterior Finish: Brick, Vinyl siding
  • Fire Protection: Smoke Detectors
  • Fireplace: Yes
  • Floor Space: 2000 - 2500 sqft
  • Foundation Type: Block
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: Central air conditioning
  • Appliances: Dishwasher, Dryer, Microwave, Stove, Washer, Window Coverings, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 8+3
  • Bathrooms: 4
  • Amenities Nearby: Public Transit
  • Floor Space (approx): 2000 - 2500 Square Feet
  • Irregular: Yes
  • Lot Depth: 125.0 Feet
  • Lot Frontage: 45.0 Feet
  • Lot Size: 45 x 125 FT
  • Utility Type: Hydro - Installed, Cable - Available, Sewer - Installed
  • Zoning: A
  • Sewer: Sanitary sewer
  • Parking Type: No Garage
  • No. of Parking Spaces: 4

Rooms:

  • Primary Bedroom 2nd Level 4.17 m x 4.40 m
  • 2nd Bedroom 2nd Level 3.80 m x 3.33 m
  • 3rd Bedroom 2nd Level 4.15 m x 2.97 m
  • Kitchen 2nd Level 3.80 m x 3.16 m
  • Living 2nd Level 5.35 m x 3.62 m
  • Bathroom 2nd Level 2.70 m x 1.81 m
  • Kitchen Basement Level 1.56 m x 5.00 m
  • Dining Basement Level 2.18 m x 1.66 m
  • Living Basement Level 3.91 m x 6.83 m
  • Bathroom Basement Level 2.14 m x 1.50 m
  • Primary Bedroom Basement Level 3.79 m x 3.54 m
  • 2nd Bedroom Basement Level 3.79 m x 3.07 m
  • 3rd Bedroom Basement Level 3.79 m x 2.70 m
  • Kitchen Main Level 4.17 m x 2.41 m
  • Living Main Level 5.14 m x 3.65 m
  • Kitchen Main Level 2.12 m x 4.23 m
  • Dining Main Level 1.41 m x 2.06 m
  • Living Main Level 2.35 m x 2.86 m
  • Bedroom Main Level 2.97 m x 2.95 m
  • Bathroom Main Level 2.78 m x 1.51 m
  • Bathroom Main Level 2.66 m x 1.82 m
  • Primary Bedroom Main Level 4.15 m x 3.31 m
  • 2nd Bedroom Main Level 3.79 m x 3.31 m
  • 3rd Bedroom Main Level 2.98 m x 2.59 m
  • 4th Bedroom Main Level 3.76 m x 3.19 m

Courtesy of: EXP REALTY, BROKERAGE

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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