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$ 2,375,000
Est. payment /mo
New
442 Macdonnell ST Kingston, ON K7L 4E4
12 Beds
12 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft < 700
Subdivision 14 - Central City East
MLS Listing ID X13778204
Style Other
Bedrooms 12
Annual Tax Amount $20,636
Tax Year 2026
Property Sub-Type Multiplex
Property Description
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.
Location
State ON
County Frontenac
Area Frontenac
Rooms
Family Room No
Basement None
Kitchen 12
Interior
Interior Features None
Cooling Other
Fireplace No
Heat Source Electric
Exterior
Pool None
Roof Type Flat
Lot Frontage 33.91
Lot Depth 67.4
Total Parking Spaces 3
Building
Foundation Concrete
Others
ParcelsYN No
Listed by CENTURY 21 LANDUNION REALTY INC.
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