493 COLLEGE STREET

Kingston (Central City East), , K7L4M8, Canada

$1,649,000

Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen's University, St. Lawrence College, and the Teachers' College, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location - modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you've been looking for. Schedule your private viewing today.

EXTRAS: Washer, Refrigerator, Dishwasher, Stove, Dryer, Microwave, Window Coverings, Water Heater

Virtual Tour: https://youriguide.com/1-2-3_4_493_college_st_kingston_on/

Last updated on : Friday 14th of November 2025 04:35:52 PM

ADDRESS

Street : 493 COLLEGE STREET

City : Kingston (Central City East)

Country : Canada

Postal Code : K7L4M8

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PROPERTY SUMMARY

Property ID : X12544210

Building Type : Other

Property Type : Multi-family

Bedrooms : 8 + 3

Bathrooms : 4

Parking : 4

Parking Type: No Garage

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