CAONKingston (East of Sir John A. Blvd)49-67 Adelaide Street
Listing image | Image 1

49-67 Adelaide St, Kingston, ON

House

For Sale

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to see price

0120

MLS® X13467366

  • Key Facts
  • Description
  • Map

Key Facts

Type Multi Family
Levels Residential Income
Size 8280 sqft
Garage 
Taxes $20,683
Days Active 4
Lot Size 
Approx. Age 
Avg. Price Per Sqft $386
MLS® Number X13467366

Property Address: 49-67 Adelaide Street, Kingston (East of Sir John A. Blvd), ON, K7K1Y3

Average square foot calculated using Size range provided by listing agent.

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
MLS® NumberX13467366
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age
Basement
Driveway
Garage Spaces
HeatForced air, Natural gas
A/CNone

Extras

Price History

00/00/0000End Date
$XXX,XXXSold Price
Top Secret
00/00/0000List Date
$XXX,XXXList Price
  • Commute

Commute

Starting Address
Destination Address
49-67 Adelaide St, Kingston, ON

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