$4,750,000
Available - For Sale
Listing ID: X13124720
80 Virginia Street , Kingston, K7K 5Y4, Frontenac
| Excellent opportunity to acquire a well-maintained 25-unit low-rise apartment building in Kingston, Ontario. Previously REIT-owned, this property has been professionally managed and is in excellent overall condition. Conveniently located on a bus route, minutes to Highway 401, and close to downtown Kingston.The building offers stable in-place income with clear upside through rental increases on tenant turnover. Additional lift may be available by having new tenancies pay their own hydro.A clean, stabilized multifamily asset in a strong rental market with meaningful long-term upside. |
| Price | $4,750,000 |
| Taxes: | $56973.17 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 80 Virginia Street , Kingston, K7K 5Y4, Frontenac |
| Postal Code: | K7K 5Y4 |
| Province/State: | Frontenac |
| Legal Description: | PT BLK C, PL 1675, PTS 9 & 19, 13R2597; |
| Directions/Cross Streets: | Virginia St and Sutherland Dr |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - Over 20 Units |
| Building Percentage: | T |
| Total Area: | 210000.00 |
| Total Area Code: | Square Feet |
| Washrooms: | 0 |
| Heat Type: | Radiant |
| Central Air Conditioning: | No |
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Years
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX RISE EXECUTIVES, BROKERAGE |
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Dir:
416-548-7854
Bus:
416-548-7854
Fax:
416-981-7184
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Frontenac |
| Municipality: | Kingston |
| Neighbourhood: | 23 - Rideau |
| Tax: | $56,973.17 |
| Fireplace: | N |
Locatin Map:
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