476 Albert Street,Kingston, ON K7L 3W3
Kingston, ON K7L 3W3
Description
Purpose-built fourplex in a great location on Albert Street, south of Princess Street and close to Queen's Main Campus, transit, shopping, restaurants and parks. The location has consistently supported very strong rental demand, with tenants primarily being full-time Queen's University students.The building contains three 2-bedroom apartments and one 3-bedroom apartment, each with a full 4-piece bath. Exceptionally well maintained throughout, the property features a central entrance and stairwell serving all four units, common coin-operated laundry, storage spaces and four on-site parking spaces. Apartments are separately metered for ESA approved hydro meters, which is paid by the tenants. Common owner expenses are water and sewer, common-area electricity (entrance, exterior, laundry) and shared internet. Projected annual operating income is approximately $111,400, with operating expenses of approximately $11,300 and projected NOI of approximately $100,100 before repairs, maintenance, vacancy and capital expenditures. A straightforward, well-kept income property with established rental demand and limited owner-paid operating costs. There is the possibility of owner occupancy at this time. Full financials are available upon request.
Details
| MLS # | X13671314 |
|---|---|
| Listing Type | For Sale |
| Style | 1 Storey/apt |
| Sub-Type | Resale |
| Status | Sold Conditional |
| Year | 0 |
| Days On Site | 10 |
| Listing Provided By | SUTTON GROUP-MASTERS REALTY INC., BROKERAGE | X13671314 469401 |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 4 |
| Basement | Y |
| Acreage | 0.10 |
Interior
| Interior Features | Separate Hydro Meter |
|---|---|
| Cooling | None |
| Heat Source | Electric |
| Fireplace Yes / No | No |
Exterior
| Roof | Asphalt Shingle |
|---|---|
| Foundation Details | Poured Concrete |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | Private |
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 6839.15 |
|---|---|
| Tax Assessed Value | 426000 |
| Tax Legal Description | PT LT 654 PL A12 KINGSTON CITY AS IN FR670677; T/W FR726366; KINGSTON; THE COUNTY OF FRONTENAC |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| Region | Frontenac |
| City | Kingston |
| Postal Code | K7L 3W3 |
| Area | 14 Central City East |
| Listing VS Median (in K7L 3W3) | |
Price: $1,299,000 low | high Med: $1,075,000 On site: 10 low | high Med: 2 | |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Frontenac |
| City | Kingston |
| Postal Code | K7L 3W3 |
| Area | 14 Central City East |
| Listing VS Median (in K7L 3W3) | |
Price: $1,299,000 low | high Med: $1,075,000 On site: 10 low | high Med: 2 | |
