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442 Macdonnell St, Kingston, ON

Name: 442 Macdonnell St, For Sale in Kingston - eXp Realty
Brand: CENTURY 21 LANDUNION REALTY INC.
SKU: X13778214
Price: 2375000 CAD

House

For Sale

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MLS® X13778214

Property Details
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Description

Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 6 one-bedroom units and 6 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $186600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. CMHC Mortgage is transferable with certain conditions. The Loan loan term ends in 2029 (id:58753)Show Description

Key Facts

Type Multi Family

Levels Residential Income

Size 1884 sqft

Taxes $20,636

Days Active 2

Avg. Price Per Sqft $1,260

MLS® Number X13778214

Central VacNo

FireplaceNo

HeatBaseboard heaters

A/CNone

Price History

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