68 Collingwood Street, Kingston (Central City East), Ontario K7L3X4

Property Description

QUEEN'S INVESTORS & BUYERS- Rare location. Rare lot. Rare investment opportunity. Ideally located steps from Queen's University & KGH, this exceptional 1890 limestone home combines timeless character with modern functionality. Offering 4 spacious bedrooms plus 2 additional oversized rooms, 3 bathrooms, 5 parking spaces, a detached garage, dedicated workspace, and a rare 76' x 120' lot. Turnkey and thoughtfully upgraded, all major systems have been updated, including extensive built-in cabinetry, HVAC with generator backup, central & split AC, updated electrical and plumbing, a Level 2 EV charger, and heated basement floors. Enjoy generous living and common areas, a spacious kitchen and a beautiful screened-in gazebo-perfect for relaxing or entertaining. For investors, the prime Queen's location and natural layout offer strong student rental potential. At a market rent of $1,350/month per occupant, 6 occupants represent $97,200 in potential gross annual rent. Income-producing today with four students currently in place and six-student occupancy planned for May 2027. This creates a compelling opportunity for a new owner to step into an established rent and benefit from increased income potential at the next lease cycle. A rare opportunity to own a premium, low-maintenance investment in one of Canada's most resilient student housing markets, while retaining the appeal of a distinctive downtown home. Note: This home is being rented to students for the first time. As such, it is pristine. This home has been staged using Artificial Intelligence. (id:5764)