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    For Sale - 442 Macdonnell Street, Kingston, Ontario

    Est payment $11,405/mo
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    Views   1
    Time on Jump  15 day

    AI Summary *

    • Solid investment with a fully-brick 12-unit residential building.
    • High-demand location close to transit and downtown amenities.
    • Strong revenue with potential for rent increases and extra income.
    • Low maintenance risk with a new roof and minimal utility costs.
    • Stable, low-maintenance asset offering reliable cash flow and upside.




    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
    Listing IDX13778204
    Address442 Macdonnell Street
    CityKingston, Ontario
    Price$2,375,000
    Bed / Bath12 / 12 Full
    StyleOther, Multiplex
    ConstructionBrick
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features NoneOwnership FreeholdBasement NoneFoundation ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

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    Listing Brokerage: CENTURY 21 LANDUNION REALTY INC.

    * 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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    442 Macdonnell Street
    Kingston , Ontario
    12 12 $2,375,000
    Get more info