Turnkey, fully tenanted triplex in a prime central Kingston location offering strong, reliable income. This well-maintained property features three spacious 2-bedroom units, each with a full bath and in-suite laundry, appealing to quality long-term tenants. Current rents are $1,800 for Unit 1 and $1,600 each for Units 2 and 3. Tenants pay heat and hydro, while the landlord covers water and sewer, ensuring stable and predictable expenses. Ideally located near Kingston Centre, downtown, Queen's University, and St. Lawrence College, with easy access to transit and Highway 401. Surrounded by amenities, this is an excellent opportunity to secure a solid investment in a high-demand rental area.
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Sale and tax history for 1348 Princess St
Sale History
Tax History
Date
Event
Price
TREB #X12997692
Apr 14, 2026
Listed
$725,000
TREB #X12477678
Mar 24, 2026
Delisted
—
Oct 23, 2025
Listed
$749,900
TREB #X9389301
Mar 8, 2025
Delisted
—
Oct 9, 2024
Listed
$880,000
+20
Excellent Investment Opportunity! This triplex includes three spacious and bright units all with 2-bedrooms and 1 full bathroom, updated flooring throughout and laundry in each unit. Other updates include a new asphalt roof in 2021, newer hot water heaters and windows. The double driveway offers parking for 4 cars, along with an attached garage with parking for one. Fully rented out at $4,856 per month (tenants pay for hydro) or an annual gross income of $58,272,with potential for additional and improved income. Centrally located on Princess Street, only steps to local transit and minutes from downtown Kingston, St. Lawrence College, Queens University and also shopping, restaurants and businesses in the west end.