$1,649,000
Available - For Sale
Listing ID: X12544210
493 COLLEGE Street , Kingston, K7L 4M8, Frontenac
| 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. |
| Price | $1,649,000 |
| Taxes: | $6067.47 |
| Occupancy: | Tenant |
| Address: | 493 COLLEGE Street , Kingston, K7L 4M8, Frontenac |
| Acreage: | < .50 |
| Directions/Cross Streets: | Princess Street to Regent Street to Park Street to College Street. |
| Rooms: | 15 |
| Rooms +: | 6 |
| Bedrooms: | 8 |
| Bedrooms +: | 3 |
| Family Room: | T |
| Basement: | Full, Finished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Kitchen | 13.68 | 7.9 | |
| Room 2 | Main | Living Ro | 16.86 | 11.97 | |
| Room 3 | Main | Bathroom | 8.72 | 5.97 | 4 Pc Bath |
| Room 4 | Main | Primary B | 13.61 | 10.86 | |
| Room 5 | Main | Bedroom 2 | 12.43 | 10.86 | |
| Room 6 | Main | Bedroom 3 | 9.77 | 8.5 | |
| Room 7 | Main | Bedroom 4 | 12.33 | 10.46 | |
| Room 8 | Second | Kitchen | 12.46 | 10.36 | |
| Room 9 | Second | Living Ro | 17.55 | 11.87 | |
| Room 10 | Second | Bathroom | 8.86 | 5.94 | 4 Pc Bath |
| Room 11 | Second | Primary B | 13.68 | 14.43 | |
| Room 12 | Second | Bedroom 2 | 12.46 | 10.92 | |
| Room 13 | Second | Bedroom 3 | 13.61 | 9.74 | |
| Room 14 | Basement | Kitchen | 5.12 | 16.4 | |
| Room 15 | Basement | Dining Ro | 7.15 | 5.44 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 4 | Main |
| Washroom Type 2 | 4 | Second |
| Washroom Type 3 | 4 | Basement |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 4 | Main |
| Washroom Type 7 | 4 | Second |
| Washroom Type 8 | 4 | Basement |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 4 | Main |
| Washroom Type 12 | 4 | Second |
| Washroom Type 13 | 4 | Basement |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 4 | Main |
| Washroom Type 17 | 4 | Second |
| Washroom Type 18 | 4 | Basement |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 | |
| Washroom Type 21 | 4 | Main |
| Washroom Type 22 | 4 | Second |
| Washroom Type 23 | 4 | Basement |
| Washroom Type 24 | 0 | |
| Washroom Type 25 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 51-99 |
| Property Type: | Multiplex |
| Style: | 2-Storey |
| Exterior: | Brick, Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Private |
| Drive Parking Spaces: | 4 |
| Park #1 | |
| Parking Type: | Private |
| Park #2 | |
| Parking Type: | Private |
| Pool: | None |
| Approximatly Age: | 51-99 |
| Approximatly Square Footage: | 2000-2500 |
| Property Features: | Public Trans |
| 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: | Y |
| Heat Type: | Forced Air |
| Central Air Conditioning: | Central Air |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
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| EXP REALTY, BROKERAGE |
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At a Glance:
| Type: | Freehold - Multiplex |
| Area: | Frontenac |
| Municipality: | Kingston |
| Neighbourhood: | 14 - Central City East |
| Style: | 2-Storey |
| Approximate Age: | 51-99 |
| Tax: | $6,067.47 |
| Beds: | 8+3 |
| Baths: | 4 |
| Fireplace: | Y |
| Pool: | None |
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