$1,499,900
 $8,052 est/mo Sourced by Back At You

280-282 Sydenham Street , Kingston, ON K7K 3M6

Kingston, ON K7K 3M6

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Description

Exceptional 7- Unit Investment Opportunity in the heart of Downtown Kingston, spanning both sides of the building. This is not your typical investment property. This place is Beautiful with high ceilings in most the units, balconies or patios off of 6 of the 7 units, and plenty of cosmetic updates making it very easy to rent. Lots of upside potential to increase rents as tenants turn over. All units separately metered. Including an approximate $10,000 in extra income potential that could be charged per year by renting the parking lot and 2 car garage out (built in 2010). Coin Laundry in the basement for tenants convenience as well as storage lockers for each unit. You don’t see properties this nice with such great rental potential come up too often. Projected to operate at around $86,000 NOI after rental increases in January with a potential upside fair market value of $140,000 NOI in relatively short order with tenant turnover and should you choose to optimize with parking/garage income. Email, text or call agent for more information.

Details

MLS#40617038
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive Under Contract
Days On Site16
Listing Provided ByRe/Max Rise Executives, Brokerage | Jason Barbosa

Features

Bed(s)11
Bath(s)7
SQ Feet4,230
Garage2
BasementY
Story(s)3
Units7
Building(s)1
ZoningUR5
Acreage0.18
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Learn More About This Property

ProvinceON
RegionFrontenac
CityKingston
Postal CodeK7K 3M6
AreaKingston
Subarea22 East of Sir John A. Blvd
Community Name22 East of Sir John A. Blvd
Listing VS Median (in 22 East of Sir John A. Blvd)
Price:
$1,499,900
low | high
Med:
$572,400
100% of Average
SqFt:
4,230
low | high
Med:
1,282
100% of Average
$ / SqFt:
$355
low | high
Med:
$456
21.329288337902% of Average
On Site:
16
low | high
Med:
60.000000
26.666666666667% of Average
Sourced by Back At You
Listing Updated: July 22, 2024 at 3:37:16 PM PDT