snowy aerial view with a residential view Features: residential view More Photos

×

    For Sale - 48 Stephen Street, Kingston, Ontario

    Est payment $11,773/mo
    Get pre-qualified
    Views   1
    Time on Jump  21 day

    AI Summary *

    • Prime 12-unit apartment building located in the desirable Inner Harbour District.
    • Current NOI of $106,803 with potential for rent increases across the property.
    • Building in good condition with recent capital improvements already completed.
    • Tenant-friendly inclusive rents and landlord-paid utilities for expense management.
    • On-site parking adds to tenant appeal and long-term stability.




    Well-located 12-unit apartment building in kingston's highly sought-after inner harbour district. The property generates a current noi of $106,803 and is approximately 21% under-rented across the building, offering immediate and measurable upside through rent optimization. The building is in good overall condition, with several capital improvements already completed. Rents are inclusive, with landlord-paid utilities, creating potential for future expense optimization. On-site parking enhances tenant appeal and long-term stability. This asset qualifies for cmhc mli-select-style financing, making it an attractive opportunity for investors seeking leverage, income growth, and a strong downtown location with limited multi-residential supply. Full financials, rent roll, and supporting documentation are available in the data room. Serious buyers are encouraged to review the materials to fully understand the income upside and financing potential.
    Listing IDX12703412
    Address48 Stephen Street
    CityKingston, Ontario
    Price$2,375,000
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentBasement 1Heating / Cooling Gas Hot WaterSewer Sanitary

    ASAP

    Sun

    8

    Feb

    Mon

    9

    Feb

    Tue

    10

    Feb

    Wed

    11

    Feb

    Thu

    12

    Feb

    Fri

    13

    Feb

    Sat

    14

    Feb

    Sun

    15

    Feb

    Mon

    16

    Feb

    Tue

    17

    Feb

    Wed

    18

    Feb

    Thu

    19

    Feb

    Fri

    20

    Feb

    Sat

    21

    Feb

    Sun

    22

    Feb

    Mon

    23

    Feb

    Tue

    24

    Feb

    Wed

    25

    Feb

    Thu

    26

    Feb

    Fri

    27

    Feb

    Sat

    28

    Feb

    Sun

    1

    Mar

    Mon

    2

    Mar

    Tue

    3

    Mar

    Wed

    4

    Mar

    Thu

    5

    Mar

    Fri

    6

    Mar

    Sat

    7

    Mar

    Sun

    8

    Mar

    By clicking “Get pre-qualified” and/or 'Submit' you are expressly consenting, in writing, to receive telemarketing and other messages, including artificial or prerecorded voices, via automated calls or texts from jumprealty.ca and up.mortgages at the number you provided above. This consent is not required to purchase any good or service. Message and data rates may apply, frequency varies. Text HELP for help or STOP to cancel. More details in Terms of Use and Privacy Policy.

    Listing Agency:  RE/MAX RISE EXECUTIVES, BROKERAGE
    Hospital
    Parks
    Schools
    Place of Worship
    Please select an amenity above to view a list.

    Recommended Properties

    63 Tideland Drive
    Brampton, Ontario.
    3 Beds | 4 Baths
    $879,000
    20 Hesketh Court
    Caledon, Ontario.
    3 Beds | 3 Baths
    $699,000
    500 Canterbury Street
    Woodstock, Ontario.
    2 Beds | 1 Baths
    $475,000
    58 Spruce Avenue
    Richmond Hill, Ontario.
    5 Beds | 5 Baths
    $3,090,000
    7 Second Avenue
    Orangeville, Ontario.
    5 Beds | 2 Baths
    $849,999
    2 Wheatsheaf Street
    Richmond Hill, Ontario.
    4 Beds | 3 Baths
    $1,299,000
    736 Hauteview Crescent
    Orleans - Cumberland And Ar…
    4 Beds | 3 Baths
    $1,099,900
    913 Brimorton Drive
    Toronto, Ontario.
    4 Beds | 2 Baths
    $1,058,000
    13 Norman Markle Street
    Brant, Ontario.
    4 Beds | 10 Baths
    $1,099,000
    Loading...
    48 Stephen Street
    Kingston , Ontario
    $2,375,000
    Get more info