For sale

$775,000

Est. $3,370/mo

•

3 ba

•

View

sq ft

138 Chatham St, Kingston, ON K7K 4H4

About this home

Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until April 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential.

Multi-familyProperty Type

3,586 sq ftLot Size

2 spacesParking

Listing updated: Aug 15, 2026 at 08:17am

Redfin checked: 2 minutes ago

•Source:TREB #X13679136

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Nearby open houses (10)

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Around this home

Schools

0.8km

Rideau Public School

Public, JK-6 • Assigned

0.5km

Regiopolis/notre-Dame Catholic High School

Public, 9-12 • Assigned

Provided by Local Logic

Lifestyle

Provided by Walk Score and Local Logic

Property details

Interior
Exterior

Kitchen

Bathroom

Bedroom

Living

Interior features
Full, unfinished basement
Has a view

Heating & cooling
Natural gas forced air heating
No cooling

Sale and tax history for 138 Chatham St

Sale History
Tax History

Date

Event

Price

TREB #X13679136

Aug 15, 2026

Listed

$775,000

TREB #X13126954

May 14, 2026

Listed

$775,000

TREB #X12408588

Jan 1, 2026

Delisted

—

Sep 17, 2025

Listed

$799,900

+15

What a great income property to add to your portfolio, or an ideal place for a parent buyer, sitting just north of Princess Street is this detached 6 bedroom duplex. The main unit consists of 5 bedrooms on 2 floors with 2 full bathrooms, a living room and a huge eat-in kitchen with fresh flooring, and the 2nd upper unit is set up as a bachelor apartment. Laundry on site that both units can access and both units separately metered. With the total gross income of $65,220, it nets $58,219 which means a cap rate of over 7%! The roof was replaced in 2023, with a high efficiency gas furnace and vinyl windows throughout. Never a problem renting this great money maker. Leased until April 2026.

Public record

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Style

Single Family Residential

Region

Frontenac County

Parking Spaces

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Last updated by owner on Aug 9, 2023.

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About this home

See this home in person

Nearby open houses (10)

Around this home

Schools

Lifestyle

Property details

Sale and tax history for 138 Chatham St

Public record

Nearby similar homes

More real estate resources