341 Division Street, Kingston, Ontario K7K 4A2

Listed for:
$724,900
4 beds
0 baths
Listed 29 days ago
Multi-Family for rent: 341 Division Street, Kingston, Ontario K7K 4A2

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Learn more about this property
Listing provided by:
RE/MAX RISE EXECUTIVES, BROKERAGE
MLS® number:
X12473303
Agent:
Jason Barbosa
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About

Division between Pine and Quebec Legal non-conforming triplex in a prime location perfect for capturing top market rents. Each unit has in-suite laundry and dedicated parking, making it easy to rent and manage. The building is in excellent condition with numerous recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. Featuring high ceilings and exposed brick, all units show beautifully. The property includes two 1-bedroom units and one 2-bedroomunit. Unit #1 (1 bed) rents for $1,600/month, Unit #3 (1 bed) rents for $1,600/month, and Unit #2 (2 bed) rents for $1900/month. Total gross income is $61,200/year, with estimated annual expenses of $12,440, for a NOI of $48,760. Market Rent increases could comfortably raise the net to closer to $55,000. A well-maintained, cash-flowing investment with wonderful tenants and strong rental appeal. Call, text, or email to book your showing. (id:27476)

Property Highlights

MLS® Number
X12473303
Type
Multi-family
Community Name
22 - East of Sir John A. Blvd
Land Size
25 x 100 FT
Parking Space Total
3

Building

Building Type
Multi-Family
Square Footage
2669 sqft
Bedrooms Total
4
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
None

Utilities

Water
Municipal water

Location