271-273 RIDEAU STREET

Kingston (East of Sir John A. Blvd), , K7K3A7, Canada

$1,175,000

Seize this rare chance to elevate your investment portfolio! This exceptional 5-unit semi-detached building is located just steps away from the vibrant historic downtown Kingston. This property boasts two spacious 3-bedroom units, two generous 2-bedroom units, and a cozy 1-bedroom unit all designed without carpets for a fresh and airy atmosphere. Enjoy the convenience of a large parking lot situated behind the building for your tenants. The property has seen numerous updates, including modern flooring throughout, select window replacements, and a brand-new roof installed in 2018. Its truly a turnkey investment, currently generating an impressive monthly rental income of $7,910.35 (with tenants covering their own hydro), resulting in a robust gross annual net income of $94,924.20. Conveniently located within walking distance of public transport, parks, schools, and just blocks away from all the shops, entertainment, and dining options that historic downtown Kingston has to offer, this is an opportunity you wont want to overlook!

Virtual Tour: https://youtu.be/MAVxKw1Tr88

Last updated on : Thursday 29th of May 2025 04:57:04 PM

ADDRESS

Street : 271-273 RIDEAU STREET

City : Kingston (East of Sir John A. Blvd)

Country : Canada

Postal Code : K7K3A7

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PROPERTY SUMMARY

Property ID : X12146864

Building Type : Other

Property Type : Multi-family

Bedrooms : 11

Bathrooms : 5

Parking : 4

Parking Type: No Garage

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