Connie Huibers - Coldwell Banker Momentum Logo
$3,199,900
( $386.46Per Sq Foot )
 $17,178 est/mo Sourced by Back At You

49-67 Adelaide Street,Kingston, ON K7K 1Y3

Kingston, ON K7K 1Y3

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Description

An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of Downtown Kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its own private walk-out basement, with 6 units also offering decks off the living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current Cap Rate of 5.24%, with a projected Cap Rate of approximately 5.37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to Downtown Kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals.

Details

MLS #X13467366
Listing TypeFor Sale
Sub-TypeResale
StatusNew
Year0
Days On Site74
Listing Provided ByROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE | X13467366 179025

Features

Bath(s)12
SQ Feet8,280
Acreage0.19

Interior

CoolingNo

Utilities

UtilitiesYes

Taxes

Tax Annual Amount20682.72
Tax TypeAnnual
Tax Legal DescriptionLTS 2, 15 & 16, PL B12 AS IN FR787376 KINGSTON CITY; KINGSTON, THE COUNTY OF FRONTENAC
Tax Year2026

Area Information

ProvinceON
RegionFrontenac
CityKingston
Postal CodeK7K 1Y3
Area22 East of Sir John A. Blvd
Listing VS Median (in K7K 1Y3)
Price:
$3,199,900
low | high
Med:
$3,199,900
50% of Average
sqft:
8,280
low | high
Med:
8,280
50% of Average
$ / sqft:
$386
low | high
Med:
$386
50% of Average
On site:
74
low | high
Med:
74
100% of Average
Sourced by Back At You

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Additional Information

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Learn More About This Property

Connie Huibers

Connie Huibers

Momentum Realty

Real Estate Broker (905) 988-7778connie-huibers@coldwellbanker.ca
ProvinceON
RegionFrontenac
CityKingston
Postal CodeK7K 1Y3
Area22 East of Sir John A. Blvd
Listing VS Median (in K7K 1Y3)
Price:
$3,199,900
low | high
Med:
$3,199,900
50% of Average
sqft:
8,280
low | high
Med:
8,280
50% of Average
$ / sqft:
$386
low | high
Med:
$386
50% of Average
On site:
74
low | high
Med:
74
100% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $2.399M - $3.999M
sqft: 6,000 - 10,000
Nearby Listings Property ImageNearby Listings Details
48 Stephen Street Property Photo 1
$2,375,000
48 Stephen Street
Kingston, ON K7K 2C3
Listing Updated: August 4, 2026 at 4:23:37 PM PDT

Connie Huibers - Coldwell Banker Momentum