TURNKEY 5-PLEX IN DOWNTOWN KINGSTON - CASH FLOW NOW, ROOM TO GROW. This is the perfect time to start or expand your investment portfolio in Kingston, Ontario, and 432 Barrie Street is the perfect property to do it. This solid 5-plex offers an in-demand mix of 4 x 1-bedroom units and one 3-bedroom unit. Tenants pay hydro (electric heat) and each unit is separately metered. On-site coin laundry and dedicated parking for 3 vehicles provide additional steady income each month. The building attracts quality tenants - young professionals and students - with turnover averaging around every 2 years. Units have been consistently updated. Bonus: with some units currently below market rents, there is a clear path to grow income as leases turnover. Location, stability, and upside, all in one address. Rent roll, expenses, and property updates available on request. Schedule your private showing today. (id:374)
| MLS # | X13781810 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 36 |
| Listing Provided By | CENTURY 21 HERITAGE GROUP LTD., BROKERAGE | JILL KEELING |
| Bed(s) | 7 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 2,500 |
| Story(s) | 3 |
| Property View | City view |
| Cooling | None |
|---|---|
| Heating | Baseboard heaters, Electric |
| Appliances | Washer, Refrigerator, Stove, Dryer, Water Heater |
| Fireplace Yes / No | No |
| Foundation Details | Poured Concrete |
|---|
| Parking Features | No Garage |
|---|---|
| Parking Total | 3 |
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
| Tax Annual Amount | 6061.26 |
|---|
| Province | ON |
|---|---|
| City | Kingston (East of Sir John A. Bl |
| Postal Code | K7K3T9 |
| Listing VS Median (in K7K3T9) | |
Price: $1,099,000 low | high Med: $1,099,000 sqft: 2,500 low | high Med: 2,500 $ / sqft: $440 low | high Med: $440 On site: 36 low | high Med: 36 | |
| Province | ON |
|---|---|
| City | Kingston (East of Sir John A. Bl |
| Postal Code | K7K3T9 |
| Listing VS Median (in K7K3T9) | |
Price: $1,099,000 low | high Med: $1,099,000 sqft: 2,500 low | high Med: 2,500 $ / sqft: $440 low | high Med: $440 On site: 36 low | high Med: 36 | |