$1,299,000
Available - For Sale
Listing ID: X12543278
53 Lakeview Avenue , Kingston, K7M 3T4, Frontenac
| Exceptional 4-Unit Investment in Reddendale - Steps from Amenities, Transit, and Schools. A rare opportunity in Kingston's highly desirable Reddendale neighbourhood! This one-of-a-kind legal 4-unit property features 6+2 bedrooms across two spacious two-level 3-bedroom units and two well-appointed 1-bedroom basement units. Currently, 3 of the 4 units are leased, generating over $65,000 in annual rental income, with the potential to live in the remaining 3-bedroom unit or rent it for an additional $30,000 per year. Designed for modern living and long-term value, each unit showcases high-end finishes including quartz countertops in every kitchen, ceramic tile bathrooms, and 9-ft ceilings on both the main floor and lower level that enhance light and space. Every unit is separately metered for electricity and water, while gas service is provided to the main-floor units-each equipped with its own high-efficiency furnace, central air conditioner, and gas hot water tank. Basement units feature owned electric hot water tanks, ensuring low-maintenance efficiency throughout. An HRV system supports healthy airflow and comfort year-round. The property offers parking for four vehicles and an unbeatable location within walking distance to Crerar Park Beach, neighbourhood parks, and a local golf course and driving range. Conveniently located near public transit routes, St. Lawrence College, Queen's University, and Kingston General Hospital, this property appeals to students, professionals, and families alike. With quick access to major shopping centres, restaurants, and essential amenities, it's the ideal blend of investment performance and lifestyle convenience. Whether you're expanding your portfolio or seeking a high-performing property in one of Kingston's top neighbourhoods, this Reddendale gem offers both immediate income and lasting value. |
| Price | $1,299,000 |
| Taxes: | $1935.53 |
| Occupancy: | Tenant |
| Address: | 53 Lakeview Avenue , Kingston, K7M 3T4, Frontenac |
| Acreage: | < .50 |
| Directions/Cross Streets: | Front Road |
| Rooms: | 20 |
| Rooms +: | 8 |
| Bedrooms: | 6 |
| Bedrooms +: | 2 |
| Family Room: | F |
| Basement: | Full, Finished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Foyer | 7.31 | 5.74 | |
| Room 2 | Main | Living Ro | 22.57 | 13.58 | |
| Room 3 | Main | Dining Ro | 11.97 | 13.58 | |
| Room 4 | Main | Kitchen | 11.91 | 7.97 | |
| Room 5 | Main | Primary B | 10.56 | 12.66 | |
| Room 6 | Main | Bedroom | 11.81 | 11.22 | |
| Room 7 | Main | Bedroom | 11.81 | 9.91 | |
| Room 8 | Main | Foyer | 4.66 | 7.97 | |
| Room 9 | Main | Living Ro | 22.57 | 13.58 | |
| Room 10 | Main | Dining Ro | 11.97 | 13.58 | |
| Room 11 | Main | Kitchen | 11.91 | 7.97 | |
| Room 12 | Main | Primary B | 10.56 | 12.56 | |
| Room 13 | Main | Bedroom | 11.81 | 11.22 | |
| Room 14 | Main | Bedroom | 11.81 | 9.91 | |
| Room 15 | Basement | Living Ro | 12.14 | 12.07 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 2 | Main |
| Washroom Type 2 | 4 | Second |
| Washroom Type 3 | 4 | Basement |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 2 | Main |
| Washroom Type 7 | 4 | Second |
| Washroom Type 8 | 4 | Basement |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | New |
| Property Type: | Fourplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding, Stone |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 4 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Approximatly Age: | New |
| Approximatly Square Footage: | 3500-5000 |
| Property Features: | Golf, Hospital |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
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At a Glance:
| Type: | Freehold - Fourplex |
| Area: | Frontenac |
| Municipality: | Kingston |
| Neighbourhood: | 28 - City SouthWest |
| Style: | 2-Storey |
| Approximate Age: | New |
| Tax: | $1,935.53 |
| Beds: | 6+2 |
| Baths: | 8 |
| Fireplace: | N |
| Pool: | None |
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