138 Chatham Street,Kingston, ON K7K 4H4
Kingston, ON K7K 4H4
Description
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.
Details
| MLS # | X13679136 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 10 |
| Listing Provided By | ONE PERCENT REALTY LTD. | X13679136 179500 |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 |
| Basement | Y |
| Story(s) | 2 |
| Acreage | 0.08 |
| Property View | Park, Greenbelt |
Interior
| Interior Features | Separate Hydro Meter, Water Heater Owned |
|---|---|
| Cooling | None |
| Heat Source | Gas |
| Fireplace Yes / No | No |
Exterior
| Exterior Features | Porch, Year Round Living |
|---|---|
| Roof | Shingles |
| Foundation Details | Concrete |
| View | Park/Greenbelt |
| Construction Materials | Vinyl Siding |
| Security Features | None |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Front Yard Parking |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 4935 |
|---|---|
| Tax Legal Description | LT 24 BLK PP CON 1 KINGSTON PT 1, 13R2526; KINGSTON;THE COUNTY OF FRONTENAC |
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| Region | Frontenac |
| City | Kingston |
| Postal Code | K7K 4H4 |
| Area | 22 East of Sir John A. Blvd |
| Listing VS Median (in K7K 4H4) | |
Price: $775,000 low | high Med: $0 On site: 10 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Frontenac |
| City | Kingston |
| Postal Code | K7K 4H4 |
| Area | 22 East of Sir John A. Blvd |
| Listing VS Median (in K7K 4H4) | |
Price: $775,000 low | high Med: $0 On site: 10 low | high Med: | |
