271-273 RIDEAU STREET Kingston

271-273 RIDEAU STREET, Kingston, Ontario

$1,175,000

  • 5 Baths
  • 3,422 Square Feet

Seize this rare chance to elevate your investment portfolio! This exceptional 5-unit semi-detached building is located just steps away from the vibrant historic downtown Kingston. This property boasts two spacious 3-bedroom units, two generous 2-bedroom units, and a cozy 1-bedroom unit all designed without carpets for a fresh and airy atmosphere. Enjoy the convenience of a large parking lot situated behind the building for your tenants. The property has seen numerous updates, including modern flooring throughout, select window replacements, and a brand-new roof installed in 2018. Its truly a turnkey investment, currently generating an impressive monthly rental income of $7,910.35 (with tenants covering their own hydro), resulting in a robust gross annual net income of $94,924.20. Conveniently located within walking distance of public transport, parks, schools, and just blocks away from all the shops, entertainment, and dining options that historic downtown Kingston has to offer, this is an opportunity you wont want to overlook! (id:56241)

  • Listing ID: X12179657
  • Property Type: Multi-family

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Details

  • Transaction: For sale
  • Zoning Description: B1.207

Building

  • Fireplace Present: False
  • Bathrooms (Total): 5
  • Heating: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Size Interior: 3422 sqft
  • Type: Multi-Family
  • Utility Water: Municipal water

Land

  • Size Frontage: 46 ft ,1 in
  • Size Irregular: 0.118
  • Size Total: 0.118 ac
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 271-273 RIDEAU STREET in Kingston Ontario. It was last modified on May 28th, 2025. Contact us to schedule a viewing or to discover other Kingston real estate for sale.

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