Amazing Investment opportunity for buyers looking in Downtown Kingston. This is an exceptional five-unit property in a great location, offering ease of maintenance, convenience, and income potential. Generating an annual income of over $90,000, this building is a solid investment .Close to shops, schools, and public transit, there is virtually never a vacancy. All units are up to date and most have been recently renovated. Four parking spots make the units even more desirable for tenants. Property consists of two one bedroom units and three one plus den units. This is a turnkey investment with great income and growth potential. Don't miss out.
Address
512-514 Macdonnell Street
List Price
$1,395,000
Property Type
Residential Freehold
Type of Dwelling
Multiplex
Style of Home
3-Storey
Area
Kingston
Sub-Area
22 - East of Sir John A. Blvd
County
Frontenac
Bedrooms
4 + 1
Bathrooms
5
Lot Depth
107.05
Lot Shape
Rectangular
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
33.01
Approx. Age
51 - 99 Years
MLS® Number
X11970971
Listing Brokerage
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Basement Area
Apartment, Separate Entrance
Postal Code
K7K 4W7
Parking
Available, Lane
Parking Places (Total)
4
Tax Amount
$6,475.05
Tax Year
2024
Exterior Features
Lighting, Porch, Year Round Living
Interior Features
Separate Hydro Meter
Property Features
Public Transit, School Bus Route
Heat Source
Gas
Heat Type
Radiant
Cooling Features
None
Construction Materials
Stucco (Plaster)
Direction Faces
North
Foundation Details
Block
Garage Type
None
Kitchens Total
5
Pool Features
None
Roof
Asphalt Shingle
Security Features
Carbon Monoxide Detectors, Smoke Detector
View Type
Downtown
Sewer
Sewer