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    For Sale - 49-67 Adelaide Street, Kingston, Ontario

    Est payment $15,366/mo
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    Views   5
    Time on Jump  61 day

    AI Summary *

    • 10-unit townhouse complex on the edge of Downtown Kingston.
    • Mix of 2 and 3 bedroom units for diverse tenant appeal.
    • Renovated units with potential for further updates.
    • All units separately metered for tenant-paid utilities.
    • Large parking lot and storage shed for added convenience.




    An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of downtown kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its own private walk-out basement, with 6 units also offering decks off the living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current cap rate of 5. 24%, with a projected cap rate of approximately 5. 37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to downtown kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals.
    Listing IDX13467366
    Address49-67 Adelaide Street
    CityKingston, Ontario
    Price$3,199,900
    Bath12 Full
    StyleInvestment
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Forced Air ClosedSewer Sanitary

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    Listing Agency:  ROYAL LEPAGE PROALLIANCE REALTY, 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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    49-67 Adelaide Street
    Kingston , Ontario
    12 $3,199,900
    Get more info