423 PALACE Road

Kingston, Ontario, K7L4T5, Canada

$974,995

This property checks all the boxes. Are you a parent looking to house your son or daughter at Queens—want to have it paid for? Then this property is for you. Or are you a savvy investor that just wants great returns and a solid investment—we have you covered! Don't be deceived by its modest exterior—423 Palace Road is a fully furnished, turn-key, high performing investment. This property is larger than it looks due to a large addition at the rear. Discover 423 Palace Road—an exceptional, well-maintained legal 3-unit property in the heart of the City. With two 2-bedroom units, one 1-bedroom unit, and close proximity to Queen's University, hospitals, and public transit, it appeals to mature tenants and professionals. Standout features include a 100-gallon owned solar hot water heater, energy-efficient vinyl windows, and upgraded insulation for reduced operational costs. Offering an attractive income stream and with a sought after short-term rental rating, it's ideal for long-term tenants and Airbnb ventures. Don't miss this opportunity with a 7.07% CAP Rate and a projected 6.71% ROI. and with 0% vacancy and Fully leased until 2025

EXTRAS: Paved driveway

Virtual Tour: https://my.matterport.com/models/o82H91p3x8F

Last updated on : Monday 29th of April 2024 02:27:14 PM

ADDRESS

Street : 423 PALACE Road

City : Kingston

Province : Ontario

Country : Canada

Postal Code : K7L4T5

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PROPERTY SUMMARY

Property ID : 40572564

Building Type : Triplex

Property Type : Multi-family

Bedrooms : 5

Bathrooms : 3

Parking : 4

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