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 Queens 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 youve been looking for. Schedule your private viewing today.
493 College Street
Kingston, Frontenac, K7L 4M8, Canada
- Pierre Nadeau
- eXp Realty of Canada Inc., Brokerage
- View website
- 613-539-9950
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