271-273 Rideau St, Kingston, ON K7K 3A7

Exceptional investment opportunity with this well-maintained 5 unit multiplex, situated near Kingston's vibrant downtown core, along with K. G. H & Queens University. Offering a balanced mix of apartments & the benefit of parking for 4 vehicles, this property is attractive to current & future renters alike. This solid multi-unit has a steady rental history, & low-maintenance operating structure, making it a valuable addition to any investment portfolio. Don't miss your chance to secure this proven income-producing property in downtown Kingston, one of the most desirable rental markets.

Seize this rare chance to elevate your investment portfolio! This exceptional 5-unit semi-detached building is located just steps away from the vibrant historic downtown Kingston. This property boasts two spacious 3-bedroom units, two generous 2-bedroom units, and a cozy 1-bedroom unit all designed without carpets for a fresh and airy atmosphere. Enjoy the convenience of a large parking lot situated behind the building for your tenants. The property has seen numerous updates, including modern flooring throughout, select window replacements, and a brand-new roof installed in 2018. Its truly a turnkey investment, currently generating an impressive monthly rental income of $7,910.35 (with tenants covering their own hydro), resulting in a robust gross annual net income of $94,924.20. Conveniently located within walking distance of public transport, parks, schools, and just blocks away from all the shops, entertainment, and dining options that historic downtown Kingston has to offer, this is an opportunity you wont want to overlook!