9 Beds 5 Bath

271-273 Rideau Street, Kingston, ON K7K 3A7

Kingston K7K 3A7 Ontario

MLS: X12146864

$1,175,000

Added 3 days ago | For Sale

Listed by: ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

About Property

Seize this rare chance to elevate your investment portfolio! This exceptional 5-unit semi-detached building is located just steps away from the vibrant historic downtown Kingston. This property boasts two spacious 3-bedroom units, two generous 2-bedroom units, and a cozy 1-bedroom unit all designed without carpets for a fresh and airy atmosphere. Enjoy the convenience of a large parking lot situated behind the building for your tenants. The property has seen numerous updates, including modern flooring throughout, select window replacements, and a brand-new roof installed in 2018. Its truly a turnkey investment, currently generating an impressive monthly rental income of $7,910.35 (with tenants covering their own hydro), resulting in a robust gross annual net income of $94,924.20. Conveniently located within walking distance of public transport, parks, schools, and just blocks away from all the shops, entertainment, and dining options that historic downtown Kingston has to offer, this is an opportunity you wont want to overlook!

Features

  • House Style:Multiplex
  • Bathrooms:5
  • Land Size: 46.1 X 106
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:On Rideau Street (#271-273) Between James Street and Charles Street
  • Basement:Full , Full
  • Possession Date:TBD
  • Annual Property taxes: $7243.77
  • Bedrooms:9 +2
  • Total Parking Spaces:4
  • Parking Places:4
  • Heating Type:Water
  • Pool Type:None
  • Exterior:
  • Direction Facing:East
  • Front Footage:
  • Listing ID:X12146864

Level Type Features Dimensions
Primary Bedroom Closet 13 ft, 4 in x 11 ft, 9 in
Main Foyer 6 ft, 1 in x 14 ft, 4 in
Living Room 9 ft, 9 in x 17 ft, 5 in
Kitchen Combined w/Dining 16 ft, 2 in x 14 ft, 9 in
Kitchen Eat-in Kitchen 13 ft, 10 in x 13 ft, 11 in
Living Room 13 ft, 10 in x 10 ft, 1 in
Bedroom Closet 14 ft, 1 in x 11 ft, 10 in
Bedroom 2 Closet, Combined w/Office 15 ft, 5 in x 12 ft, 1 in
Bathroom 4 Pc Bath 3 ft, 9 in x 6 ft, 9 in
Second Bathroom 4 Pc Bath 5 ft, 5 in x 8 ft
Bedroom 10 ft, 4 in x 8 ft, 7 in
Bedroom 2 Closet 10 ft, 4 in x 8 ft, 5 in
Living Room 14 ft, 1 in x 12 ft
Kitchen 14 ft, 1 in x 12 ft
Bedroom Closet 11 ft, 9 in x 12 ft
Bathroom 4 Pc Bath 5 ft, 2 in x 6 ft, 10 in
Primary Bedroom Closet 14 ft, 2 in x 12 ft

No property rooms available.

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