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493 COLLEGE STREET
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493 COLLEGE STREET $1,649,000
$1,649,000
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493 COLLEGE STREET
Kingston (Central City East), Ontario K7L4M8

MLS® Number: X12544210
8 + 3
Bedrooms
4
Bathrooms
2000 - 2500
Square Feet

Listing Description

Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen's University, St. Lawrence College, and the Teachers' College, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location - modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you've been looking for. Schedule your private viewing today. (41647178)

Location Description

Princess Street to Regent Street to Park Street to College Street.

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2
Square Footage
2000 - 2500 sqft
Community Name
14 - Central City East
Land Size
45 x 125 FT|under 1/2 acre
Age Of Building
51 to 99 years
Annual Property Taxes
$6,067.47
Parking Type
No Garage
Time on REALTOR.ca
32 days

Building

Bedrooms
Above Grade
8
Below Grade
3
Bathrooms
Total
4
Interior Features
Appliances Included
Water Heater, Dishwasher, Dryer, Microwave, Stove, Washer, Window Coverings, Refrigerator
Basement Type
Full (Finished)
Building Features
Foundation Type
Block
Fire Protection
Smoke Detectors
Building Amenities
Fireplace(s)
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Forced air (Natural gas)
Utilities
Utility Type
Cable (Available), Electricity (Installed), Sewer (Installed)
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Brick, Vinyl siding
Neighbourhood Features
Amenities Nearby
Public Transit
Parking
Parking Type
No Garage
Total Parking Spaces
4

Measurements

Square Footage
2000 - 2500 sqft

Rooms

MetricImperial
Main level
Kitchen
Living room
Kitchen
Dining room
Living room
Bedroom
Bathroom
Bathroom
Primary Bedroom
Bedroom 2
Bedroom 3
Bedroom 4
Second level
Primary Bedroom
Bedroom 2
Bedroom 3
Kitchen
Living room
Bathroom
Basement
Kitchen
Dining room
Living room
Bathroom
Primary Bedroom
Bedroom 2
Bedroom 3

Land

Lot Features
Frontage
45 ft
Land Depth
125 ft
Other Property Information
Zoning Description
A
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613-539-9950
REALTOR® Website
Email
EXP REALTY, BROKERAGE
Brokerage
225-427 PRINCESS ST
KINGSTON, Ontario K7L5S9
866-530-7737
Office Website

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