442 Macdonnell Street,Kingston, ON K7L 4E4
Kingston, ON K7L 4E4
Description
Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 6 one-bedroom units and 6 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $186600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. CMHC Mortgage is transferable with certain conditions. The Loan loan term ends in 2029
Details
| MLS # | X13778204 |
|---|---|
| Listing Type | For Sale |
| Style | Other |
| Sub-Type | Resale |
| Status | New |
| Year | 0 |
| Days On Site | 45 |
| Listing Provided By | CENTURY 21 LANDUNION REALTY INC. | X13778204 227700 |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 12 |
| Acreage | 0.05 |
Interior
| Interior Features | None |
|---|---|
| Cooling | Other |
| Heat Source | Electric |
| Fireplace Yes / No | No |
Exterior
| Roof | Flat |
|---|---|
| Foundation Details | Concrete |
| Construction Materials | Brick |
Parking
| Garage Yes / No | No |
|---|
Utilities
| Sewer | Sewer |
|---|
Taxes
| Tax Annual Amount | 20636 |
|---|---|
| Tax Legal Description | PT LT 6 S/S PRINCESS ST & N/S DURHAM ST PL A7 KINGSTON CITY; PT LT 7 S/S PRINCESS ST & N/S DURHAM ST PL A7 KINGSTON CITY AS IN FR636411; T/W FR636411; KINGSTON ; THE COUNTY OF FRONTENAC |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Frontenac |
| City | Kingston |
| Postal Code | K7L 4E4 |
| Area | 14 Central City East |
| Listing VS Median (in K7L 4E4) | |
Price: $2,375,000 low | high Med: $2,375,000 On site: 45 low | high Med: 45 | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Frontenac |
| City | Kingston |
| Postal Code | K7L 4E4 |
| Area | 14 Central City East |
| Listing VS Median (in K7L 4E4) | |
Price: $2,375,000 low | high Med: $2,375,000 On site: 45 low | high Med: 45 | |
