NEW! Buy and sell safely with virtual options - Learn More
About the Listing 179500 -
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.
Listing Highlights
Status
Active
Days on Site
17
Property Type
Multi-Family
MLS ®
X13126954
Year Built
Total Square Footage
1,500
Lot/Acreage
N/A
Interior Details
- Bedrooms: 6
- Bathrooms: 3 Full
- Appliances:
- Air Cond:
- Heating: Gas
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Full,Unfinished
- Other: Separate Hydro Meter,Water Heater Owned,2 Kitchens
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Shingles
- Others: Porch,Year Round Living,Fenced Yard,Park,Public Transit
- Sewer: Sewer
- Parking Features: Front Yard Parking,No Garage
Financial Details
- Tax Amount: $4,935
- Taxes w/Assessments: N/A
- Tax/Property ID: 360700132
- Tax Year: 2025
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Years
% Down Payment
% Mortgage Rate
Questions About..
138 Chatham St Kingston, ON K7K 4H4
Never Miss A New Property
Get notified any time there's a new home on the market in this neighborhood!
Don't worry! We'll never spam you or sell your details. You can unsubscribe whenever you'd like.
Listing Courtesy of
