CAONKingston (East of Sir John A. Blvd)49-67 Adelaide Street

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49-67 Adelaide St, Kingston, ON

Name: 49-67 Adelaide St, For Sale in Kingston - eXp Realty
Brand: ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
SKU: X13467366
Price: 3199900 CAD

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For Sale

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0120

MLS® X13467366

Property Details
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Description

An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of Downtown Kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its own private walk-out basement, with 6 units also offering decks off the living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current Cap Rate of 5.24%, with a projected Cap Rate of approximately 5.37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to Downtown Kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals. (id:58753)Show Description

Key Facts

Type Multi Family

Levels Residential Income

Size 8280 sqft

Taxes $20,683

Days Active 71

Avg. Price Per Sqft $386

MLS® Number X13467366

Central VacNo

FireplaceNo

HeatForced air, Natural gas

A/CNone

Additional Information

Landscaping Irregular lot size

Price History

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Top Secret

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