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+1 343-333-4287
The Oakmont Real Estate Group
364 Brock Street, Kingston, Ontario K7L1T1
Listing courtesy of RE/MAX FINEST REALTY INC., BROKERAGE.
- $1,200,000
- 8
- BD
- 2
- BA
- List Price
- $1,200,000
- MLS®
- X13857066
- Days on Market
- 22
- Status
- ACTIVE
- Type
- Townhome
- Subtype
- Single Family
- Bedrooms
- 8
- Bathrooms
- 2
- Lot Size Dimensions
- 28.7 x 132 FT
Property Description
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:5764)
Additional Information
- Ownership
- Freehold
- Parking Spaces
- 5
- Cooling
- None
- Country
- Canada
- Sewer
- Sanitary sewer
- Heating
- Natural gas
- Stories
- 2.5
