This is an exceptional opportunity to capture any investor's attention. Ideally located just one block from Queen's University, the property offers strong, consistent rental appeal in one of the city's most sought-after areas. Situated on a generous 66 x 165 ft lot, the property features an eight-bedroom tenanted home, along with an attached converted garage that has been thoughtfully configured into a separate two-bedroom unit. Both the main house and apartment have been well maintained and consistently rented year after year through word of mouth, reflecting the strength of the location and ongoing demand. Recent and upcoming improvements this summer include to renovate the second-floor bathroom and new flooring in the upper-level kitchen. The property is serviced by a boiler system that heats both the house and apartment, and the asphalt roof is approximately eight years old. In addition to its current use, the property offers notable future potential with the possibility of severance. The lot size and configuration present an exciting opportunity for those looking to explore redevelopment in a prime location. Financials, J RICHARDS "High-Level Planning Review" and City of Kingston -Planning Report outline this future potential in the documents section.
This exceptional investment opportunity is located in a very PRIME location, just a minute away from Queen's University, making it highly desirable for student rental. The property consists of two separate living spaces, offering both flexibility and strong rental income potential. The first space has been updated and features two bedrooms, a full bathroom, and a well-appointed kitchen. With thoughtful upgrades, this space is comfortable, functional, and appealing to tenants. The second space is significantly larger, offering a total of ten bedrooms, two full bathrooms, and two kitchens (main floor & third floor). The expansive living area on the main floor, provides plenty of room for tenants to gather, study, or relax. The layout makes it ideal for student rental, ensuring a steady stream of income. Situated on an oversized lot, the property offers exciting potential for further development. The combination of its unbeatable location, consistent rental history, and expansion possibilities makes this a rare find. With no vacancies in the past decade and a history of strong income generation, this property is a fantastic investment for those looking to maximize returns in a sought-after area.
TREB #X12042264
Mar 26, 2025
Listed
$2,170,000
TREB #X9023740
Sep 5, 2023
Listed
$2,400,000
As the MLS and public records start to fill up, we'll list the details here.