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    For Sale - 341 Division Street, Kingston, Ontario

    Est payment $3,217/mo
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    Time on Jump  9 day

    AI Summary *

    • Fully rented triplex in a prime downtown Kingston location.
    • Strong cash flow with an impressive 7.28% cap rate.
    • Each unit includes in-suite laundry and dedicated parking.
    • Upgrades throughout ensure excellent condition and tenant appeal.
    • Turnkey investment with quality tenants and low operating costs.




    Attention investors and queen's university parents! Beautifully kept cash-flowing legal non-conforming triplex in prime downtown kingston location! Aggressively priced and fully rented with a 7. 28% cap rate and immediate cash flow. Unit #1 (1br): $1,600/month, unit #3 (1br): $1, unit #2 (2br): $1,900/month for a total gross income of $61,200 annually. Operating expenses are $12,440 (taxes: $4,568, insurance: $2,210, utilities: $5,662) for an noi of $48,760 with upside potential to $55,000+ through strategic rent increases. Each unit features in-suite laundry and dedicated parking-a rare combination that commands premium rents. The building is in excellent condition with extensive recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. High ceilings and exposed brick throughout make units highly attractive to tenants. This is a turnkey investment with quality tenants in place, low operating costs, and strong cash flow from day one. Perfect for first-time multi-family investors or experienced landlords looking for a solid performing asset in kingston's strong rental market. Easy showings available-call, text, or email to book your viewing.
    Listing IDX12888380
    Address341 Division Street
    CityKingston, Ontario
    Price$669,900
    Bed4
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Gas Forced Air Open

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    Listing Agency:  RE/MAX RISE EXECUTIVES, BROKERAGE

    * 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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    341 Division Street
    Kingston , Ontario
    4 $669,900
    Get more info