$775,000
Available - For Sale
Listing ID: X13126954
138 Chatham Street , Kingston, K7K 4H4, Frontenac
| Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until April 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential. |
| Price | $775,000 |
| Taxes: | $4935.00 |
| Occupancy: | Tenant |
| Address: | 138 Chatham Street , Kingston, K7K 4H4, Frontenac |
| Acreage: | < .50 |
| Directions/Cross Streets: | Pine & Hamilton |
| Rooms: | 14 |
| Rooms +: | 0 |
| Bedrooms: | 6 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Full, Unfinished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Living Ro | 11.18 | 21.19 | |
| Room 2 | Main | Kitchen | 16.66 | 9.28 | |
| Room 3 | Main | Dining Ro | 14.6 | 5.9 | |
| Room 4 | Main | Bedroom | 11.32 | 12.86 | |
| Room 5 | Main | Bedroom | 11.28 | 7.77 | |
| Room 6 | Main | Bathroom | 5.41 | 8.66 | |
| Room 7 | Main | Laundry | 6.23 | 5.54 | |
| Room 8 | Second | Bedroom | 11.55 | 18.4 | |
| Room 9 | Second | Bedroom | 11.58 | 9.91 | |
| Room 10 | Second | Bedroom | 10.17 | 9.28 | |
| Room 11 | Second | Bathroom | 10.27 | 4.92 | |
| Room 12 | Upper | Bedroom | 15.38 | 13.28 | |
| Room 13 | Upper | Kitchen | 10.2 | 10.53 | |
| Room 14 | Upper | Bathroom | 9.22 | 3.74 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Main |
| Washroom Type 2 | 4 | Second |
| Washroom Type 3 | 3 | Second |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Approximatly Age: | 100+ |
| Property Type: | Duplex |
| Style: | 2-Storey |
| Exterior: | Vinyl Siding |
| Garage Type: | None |
| (Parking/)Drive: | Front Yard |
| Drive Parking Spaces: | 2 |
| Park #1 | |
| Parking Type: | Front Yard |
| Park #2 | |
| Parking Type: | Front Yard |
| Pool: | None |
| Other Structures: | Shed |
| Approximatly Age: | 100+ |
| Approximatly Square Footage: | 1500-2000 |
| Property Features: | Fenced Yard, Park |
| 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: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
| Utilities-Cable: | A |
| Utilities-Hydro: | Y |
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| ONE PERCENT REALTY LTD. |
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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: | Freehold - Duplex |
| Area: | Frontenac |
| Municipality: | Kingston |
| Neighbourhood: | 22 - East of Sir John A. Blvd |
| Style: | 2-Storey |
| Approximate Age: | 100+ |
| Tax: | $4,935 |
| Beds: | 6 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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