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    For Sale - 493 COLLEGE Street, Kingston, Ontario

    Est payment $8,174/mo
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    Time on Jump  21 day

    AI Summary *

    • Fully renovated four-plex with a strong $132,000 annual income.
    • Located near Queen's University and colleges, attracting quality tenants.
    • Completely updated with new plumbing, kitchens, and a 3-bedroom apartment.
    • Accessory Dwelling Unit adds versatility to property usage and income.
    • Strong financials with a solid net operating income of $111,255.




    Outstanding income opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6. 7% cap rate; truly turnkey with nothing left to do. Ideally located between queen's university, st. Lawrence college, and the teachers' college, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-amp electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an accessory dwelling unit (adu) for added versatility. Financial highlights include: gross income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location - modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you've been looking for. Schedule your private viewing today.
    Listing IDX12544210
    Address493 COLLEGE Street
    CityKingston, Ontario
    Price$1,649,000
    Bed / Bath11 / 4 Full
    Style2-Storey, Multiplex
    ConstructionBrick, Vinyl Siding
    Land Size0.132
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Water Heater OwnedAmenities Public TransitOwnership FreeholdBasement Full, FinishedFoundation BlockHeating / Cooling Forced AirHeating Fuel GasSewer Sewer

    Parking 4.00
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    493 College Street
    Kingston , Ontario
    11 4 $1,649,000
    Get more info