Two-story light blue siding exterior featuring a covered front porch, an upper-level balcony with wood railing, an exterior staircase, and a concrete driveway Features: concrete foundation, horizontal siding, parking pad, downspout, electric meter, stoop, stairs, gutters More Photos

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    For Sale - 138 Chatham Street, Kingston, Ontario

    Est payment $3,721/mo
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    Time on Jump  50 day

    AI Summary *

    • Great investment opportunity close to Queen's University and bus routes.
    • Spacious main unit with 5 bedrooms and updated kitchen flooring.
    • Additional bachelor apartment for extra rental income.
    • Property generates $66,000 in gross annual income with strong rental demand.
    • Recent roof replacement and vinyl windows improve property value and efficiency.




    Excellent investment opportunity in the heart of kingston, approximately a 15-minute walk from queen's university and close to major bus routes. Located just north of princess street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7. 5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until april 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential.
    Listing IDX13126954
    Address138 Chatham Street
    CityKingston, Ontario
    Price$775,000
    Bed / Bath6 / 3 Full
    Style2-Storey, Duplex
    ConstructionVinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype DuplexIndoor Features Separate Hydro Meter, Water Heater OwnedOutdoor Features Porch, Year Round LivingAmenities Fenced Yard, Park, Public TransitOwnership FreeholdViews Park/GreenbeltBasement Full, UnfinishedFoundation ConcreteHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

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    Listing Agency:  ONE PERCENT REALTY LTD.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    138 Chatham Street
    Kingston , Ontario
    6 3 $775,000
    Get more info