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RE/MAX Generation

generationremax@gmail.com +1(250) 858-5465

$1,200,000

Est. payment - /mo

8 Beds

2 Baths

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Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

MLS® Listing ID X13857066

Bedrooms 8

Property Sub-Type Townhouse

Property Description

An exceptional student housing investment in Kingston's University District, just a 3-minute walk to Queen's University and 2 minutes from the Hub entertainment district, with a grocery store and pharmacy within one block. This 8-bedroom home generates $9,400 per month ($112,800 annually). Tenants pay all utilities, and the current lease runs until April 30, 2027. The home features 2 kitchens, 2 living areas, 2 bathrooms and a 3rd floor primary Loft Suite. Originally designed as 2 separate units, it may offer the option to convert back (buyer to verify). Parking for 5 includes 3 tenant spaces plus 2 spaces rented separately at $100/month each. Their regular U-shaped lot adds possible future development potential. This is exactly where students want to live and investors want to own. (id:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Second level 3.71 m X 2.96 m Kitchen

Extra Room 2 Second level 4.46 m X 3.89 m Living room

Extra Room 3 Second level 4.43 m X 2.67 m Bedroom

Extra Room 4 Second level 3.42 m X 3.18 m Bedroom

Extra Room 5 Second level 3.39 m X 2.46 m Bedroom

Extra Room 6 Second level 3.73 m X 2.32 m Bedroom

Interior

Cooling None

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 5

Garage No

Private Pool No

Building

Story 2.5

Sewer Sanitary sewer

Others

Ownership Freehold

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Listed by RE/MAX FINEST REALTY INC., BROKERAGE

Nearby School & Business

+1(250) 882-3335

alex@victoriahomes.com

364 BROCK STREET Kingston, ON K7L1T1