442 Macdonnell Street Kingston, Ontario K7L 4E4
$2,375,000
Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 7 one-bedroom units and 5 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $182,600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. Financial statements and rent roll available upon request. (id:55499)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X13778214 |
| Property Type | Multi-family |
| Community Name | 14 - Central City East |
| Parking Space Total | 3 |
Building
| Appliances | Water Heater |
| Cooling Type | None |
| Heating Type | Baseboard Heaters |
| Size Exterior | 1883.68 Sqft |
| Size Interior | 1,884 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 67 Ft ,4 In |
| Size Frontage | 33 Ft ,10 In |
| Size Irregular | Bldg=33.91 X 67.4 Ft |
| Size Total Text | Bldg=33.91 X 67.4 Ft |
| Zoning Description | C4-h(t1) |
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September 14 2026 04:40:47
Toronto Regional Real Estate Board
Century 21 Landunion Realty Inc.