341 DIVISION Street, Kingston, ON K7K 4A2

Kingston K7K 4A2 Ontario

MLS: X12168969

$799,900

Added 9 days ago | For Sale

Listed by: RE/MAX RISE EXECUTIVES, BROKERAGE

About Property

Legal non-conforming triplex in a prime location perfect for capturing top market rents. Each unit has in-suite laundry and dedicated parking, making it easy to rent and manage. The building is in excellent condition with numerous recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. Featuring high ceilings and exposed brick, all units show beautifully. The property includes two 1-bedroom units and one 2-bedroomunit. Unit #1 (1 bed) rents for $1,850/month, Unit #3 (1 bed) rents for $1,600/month, and Unit#2 (2 bed) will be vacant June 30, with market rent estimated at $2,000/month. Total potential gross income is $65,400/year, with estimated annual expenses of $12,440, for a projected NOI of$52,960. A well-maintained, cash-flowing investment with wonderful tenants and strong rental appeal. Call, text, or email to book your showing.

Features

  • House Style:Investment
  • Bathrooms:
  • Land Size: 25 X 100
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Division between Pine and Quebec
  • Basement: ,
  • Possession Date:Immediate
  • Annual Property taxes: $4568.02
  • Bedrooms:
  • Total Parking Spaces:3
  • Parking Places:3
  • Heating Type:Gas Forced Air Open
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12168969

About Agent
Prabhjot Singh
REALTOR®
(905) 867-2666 [email protected]
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