ON > Kingston > 14 - Central City East
Kingston, ON K7L 4M8,493 COLLEGE ST
Kingston, ON K7L 4M8,493 COLLEGE ST
Kingston, ON K7L 4M8,493 COLLEGE ST
Kingston, ON K7L 4M8,493 COLLEGE ST
Kingston, ON K7L 4M8,493 COLLEGE ST
Kingston, ON K7L 4M8,493 COLLEGE ST
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Fawad Nissari

Fawad Nissari

eXp Realty

+1(416) 878-1085
$ 1,649,000
Est. payment | /mo

11 Beds

4 Baths

Save Virtual Tour
$ 1,649,000
Est. payment | /mo
Save Virtual Tour

11 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision 14 - Central City East

MLS Listing ID X12544210

Style 2-Storey

Bedrooms 11

Annual Tax Amount $6,067

Tax Year 2025

Property Sub-Type Multiplex

Property 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.

Location

Province ON

County Frontenac

Community 14 - Central City East

Area Frontenac

Rooms

Family Room Yes

Basement Full, Finished

Kitchen 4

Separate Den/Office 3

Interior

Interior Features Water Heater Owned

Cooling Central Air

Fireplaces Type Electric

Fireplace Yes

Heat Source Gas

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 45.0

Lot Depth 125.0

Total Parking Spaces 4

Building

Building Age 51-99

Unit Features Public Transit

Foundation Block

Others

Security Features Carbon Monoxide Detectors,Smoke Detector

ParcelsYN No

Virtual Tour https://unbranded.youriguide.com/1-2-3_4_493_college_st_kingston_on/

Listed by EXP REALTY, BROKERAGE
Fawad Nissari

When it comes to Real Estate, it's not just a transaction; it's a relationship built on trust and honesty. I understand that buying or selling a home is one of the most significant financial decisions you will make in your lifetime, and that's why I take my role very seriously. I make it my mission to ensure that my clients are well informed and comfortable with the process every step of the way.

+1(416) 878-1085

fawad.nissari@exprealty.com

420 Main St E Unit 556, Milton, ON, L9T 5G3, CAN

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