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    For Sale - 476 Albert Street, Kingston, Ontario

    Est payment $6,238/mo
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    Time on Jump  8 day




    Purpose-built fourplex in a great location on albert street, south of princess street and close to queen's main campus, transit, shopping, restaurants and parks. The location has consistently supported very strong rental demand, with tenants primarily being full-time queen's university students. The building contains three 2-bedroom apartments and one 3-bedroom apartment, each with a full 4-piece bath. Exceptionally well maintained throughout, the property features a central entrance and stairwell serving all four units, common coin-operated laundry, storage spaces and four on-site parking spaces. Apartments are separately metered for esa approved hydro meters, which is paid by the tenants. Common owner expenses are water and sewer, common-area electricity (entrance, exterior, laundry) and shared internet. Projected annual operating income is approximately $111,400, with operating expenses of approximately $11,300 and projected noi of approximately $100,100 before repairs, maintenance, vacancy and capital expenditures. A straightforward, well-kept income property with established rental demand and limited owner-paid operating costs. There is the possibility of owner occupancy at this time. Full financials are available upon request.
    Listing IDX13671314
    Address476 Albert Street
    CityKingston, Ontario
    Price$1,299,000
    Bed / Bath9 / 4 Full
    Style1 Storey/Apt, Fourplex
    ConstructionBrick
    Land Size0.105
    TypeMulti-Family
    StatusFor Sale

    Subtype FourplexIndoor Features Separate Hydro MeterOwnership FreeholdBasement ApartmentFoundation Poured ConcreteHeating / Cooling BaseboardHeating Fuel ElectricSewer Sewer

    Parking 4.00
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    Listing Agency:  SUTTON GROUP-MASTERS REALTY INC., BROKERAGE

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    476 Albert Street
    Kingston , Ontario
    9 4 $1,299,000
    Get more info