For Sale - 686 & 688 Montreal Street, Kingston, Ontario

Est payment $5,762/mo
Views   1
Time on Jump  1 days
  • Legal 6-unit apartment building with separate hydro meters for each unit.
  • Includes a fully rented 2-bedroom bungalow as a separate property.
  • Potential for multi-unit residential development under mixed-use zoning.
  • Low operating complexity makes it an attractive investment opportunity.
  • Updated systems with newer boilers and recent electrical upgrades.



***686 montreal st (main building)***... Legal 6-unit apartment building (6-plex) approx: 3,200-4,600 sq ft range (sources vary) 8-10 bedrooms totalfeatures: separate hydro meters per unit (tenant-paid utilities)shared laundry (basement). Additional garage/workshop structure on site. From an investor standpoint: this is a classic kingston cash-flow asset-older stock, separately metered, low operating complexity. **688 montreal st (accessory property)**... Detached 2-bedroom, 1-bath bungalow. Fully rented (at time of last listing). This is effectively: either a second principal structure on same holding or a separate parcel being sold together (most likely)planning / zoning insight (important for your project) from your pre-consult file (d00-139-1015) and city feedback: zoning: mui - mixed use 1 official plan: mixed use. What that means in practice: supports: multi-unit residential. Conversions / intensification additional dwelling units (subject to site constraints) but: you'll run into parking + amenity + access requirements. Likely legal non-conforming elements already exist (very common on montreal st)"686 montreal st" : 4 x 1 bedroom apartments and 2 x 2 bedroom apartments. 2 updated boliers. Roof approx 10 yrs old. Electrical up grade 2 yrs ago."688 montreal st" 2 bedroom single family home. Roof approx 4 yrs old. Each tenant pays for their own hot water tank rental.
Listing IDX13048268
Address686 & 688 Montreal Street
CityKingston, Ontario
Price$1,200,000
Bed / Bath9 / 9 Full
Style2-Storey, Multiplex
ConstructionStucco (Plaster)
TypeMulti-Family
StatusFor Sale
Subtype MultiplexIndoor Features Water HeaterOwnership FreeholdBasement UnfinishedFoundation BlockHeating / Cooling BaseboardHeating Fuel GasSewer Sewer
Parking 8.00
ASAP

Tue

28

Apr

Wed

29

Apr

Thu

30

Apr

Fri

1

May

Sat

2

May

Sun

3

May

Mon

4

May

Tue

5

May

Wed

6

May

Thu

7

May

Fri

8

May

Sat

9

May

Sun

10

May

Mon

11

May

Tue

12

May

Wed

13

May

Thu

14

May

Fri

15

May

Sat

16

May

Sun

17

May

Mon

18

May

Tue

19

May

Wed

20

May

Thu

21

May

Fri

22

May

Sat

23

May

Sun

24

May

Mon

25

May

Tue

26

May

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:  SUTTON GROUP-MASTERS REALTY INC., 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.

Hospital
Parks
Schools
Place of Worship
Please select an amenity above to view a list.

Recommended Properties

Loading...
686 & 688 Montreal Street
Kingston , Ontario
9 9 $1,200,000
Get more info