160 King Street E, Kingston, ON K7L 3A2 (King St E and Lower Union St)

Price : $1,680,000.00 , MLS®# : X13047504

Description

EXCEPTIONAL OPPORTUNITY - complete renovation (new electrical, plumbing, mechanical; fully permitted/inspected). Turn-key 4-plex with 9 beds / 2 parking, a 2-minute walk to Queens University and Kingston General Hospital; steps to downtown. Current gross rent $11,860/month ($142,320/yr). All units have separate hydro meters; owner currently pays hydro and internet transfer on renewal for $4,600/yr NOI lift. Impeccably maintained, low-maintenance building with consistent demand from students, hospital staff, and professionals. Ideal for investors seeking stable cash flow with upside, or Queens parents wanting safe, modern housing now and a quality rental hold long-term.

Location Description

King St E and Lower Union St

Property Details
  • Community: 14 - Central City East
  • Property Type: Tenant/Residential Freehold
  • Bedrooms: 9
  • Bath: 5
  • Garages: None
  • Annual Property Taxes : $ 9558.99
Building Features
  • Foundation Type: Poured Concrete
  • Counstruction Material : Brick-Stucco (Plaster)
  • Total Parking Space : 1
  • Parking Type : None
Building Features
  • Heating : BaseboardElectric
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 24.11 sq.ft
  • Land Depth: 55.52sq.ft

Listing Contracted With: RE/MAX RISE EXECUTIVES, BROKERAGE