138 CHATHAM STREET
Kingston (East of Sir John A. Blvd), Ontario
MLS® X13679136
$775,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13679136
- Bedrooms
- 6
- Bathrooms
- 3
- Year built
- —
1 / 25Listing description
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.
Property summary
- MLS® number
- X13679136
- Property type
- Multi-family
- Building type
- Duplex
- Land size
- 51 x 70.3 FT
- Annual property taxes
- $4,935.00
- Parking
- 2 spaces · No Garage
- Days on market
- 33 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- None
- Basement
- Unfinished, Full
- Appliances
- Washer, Refrigerator, Stove, Dryer, Water Heater
- Exterior features
- Vinyl siding
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $775,000 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 ONE PERCENT REALTY LTD., THORNHILL.
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.