759 HIGH GATE PARK DRIVE
Kingston (South of Taylor-Kidd Blvd), Ontario
MLS® X14095612
$809,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X14095612
- Bedrooms
- 5
- Bathrooms
- 3
- Year built
- —
Listing description
Turnkey Triplex in Kingston - Fully Renovated and Vacant (lower units will be advertised for rent shortly). Exceptional investment opportunity offering three self-contained units, extensive renovations, and projected rental income of $5,295/month ($63,540 annually), with tenants paying their own separately metered utilities. This triplex features a spacious 3-bedroom, 1-bathroom main-floor unit with projected rent of $2,195/month, plus two lower-level 1-bedroom, 1-bathroom units with projected rents of $1,575 and $1,525/month.
All three units are currently vacant, allowing investors to select their own tenants and establish leases at current market rents, or offering an excellent opportunity for owner-occupancy with additional rental income. Extensive improvements include a new roof, some new windows and doors, three new kitchens, two new bathrooms, new flooring and fresh paint throughout, new basement insulation, plumbing upgrades, acoustic panels, two dedicated HRV systems, and three new hot water tanks. The property features 200-amp electrical service with three individual 100-amp panels, separately metered utilities, a gas furnace and central A/C for the main-floor unit, and electric baseboard heating for the lower units.
Each unit benefits from its own designated parking space, complemented by fencing on three sides of the property. Offering approximately 2,040 sq. ft.
of total interior floor area across both levels, this extensively updated property provides a rare opportunity to acquire a vacant, income-producing legal triplex without the challenges of inheriting existing tenancies. An excellent addition to any investment portfolio!
Property summary
- MLS® number
- X14095612
- Property type
- Multi-family
- Building type
- Triplex
- Land size
- 76.6 x 142.2 FT
- Annual property taxes
- $3,787.15
- Parking
- 3 spaces · No Garage
- Days on market
- 14 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Partially finished, N/A
- Appliances
- Washer, Refrigerator, Stove, Dryer
- Exterior features
- Vinyl siding
- Architectural style
- Bungalow
What would this home cost you?
Based on the $809,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of REAL BROKER ONTARIO LTD., BROKERAGE, KINGSTON.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.