16 Beds 7 Bath

717 King Street W, Kingston, ON K7M 2G3

Kingston K7M 2G3 Ontario

MLS: X12780486

$1,949,999

Added 8 days ago | For Sale

Listed by: SUTTON GROUP-HERITAGE REALTY INC.

About Property

Calling All Investors! Fully Rented High-Cash-Flow Triplex on Oversized 75 x 164 Ft Lot Don't Miss This Rare opportunity to acquire a fully rented 3-unit income property offering a total of 16 bedrooms, 7 washrooms, and 3 kitchens, all with separate entrances! Delivering stable rental income. Unit 1 was renovated in 2021 and updated further in 2023 with a new kitchen. This unit features 8 bedrooms plus living room, full kitchen, laundry area, 4 washrooms, updated windows and doors, laminate flooring throughout, and a large concrete patio. The rear addition, built in 2014, consists of two units, the first featuring 6 bedrooms plus living room, kitchen, 2 full washrooms with separate dry/wet areas, and a separate entrance, providing efficient unit layout and strong tenant demand. The basement unit includes 2 bedrooms, 1 washroom, and an open-concept kitchen and living area, further maximizing rental yield. All this just a a short walk to Queens University and St. Lawrence College, Waterfront trails , fast food options and transit at the door step!

Features

  • House Style:Triplex
  • Bathrooms:7
  • Land Size: 75 X 164
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:King St W Bwt Mcdonald & Mowat
  • Basement:Apartment , Apartment
  • Possession Date:TBD
  • Annual Property taxes: $8783
  • Bedrooms:16
  • Total Parking Spaces:10
  • Parking Places:10
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:North
  • Front Footage:
  • Listing ID:X12780486

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