$2,375,000
442 Macdonnell Street, Kingston, ON K7L 4E4
— beds— baths
Key facts
- MLS®
- X13778214
- Status
- New
- Type
- Investment
- Taxes
- $20,636
- Listed
- 2026-09-14
- Brokerage
- CENTURY 21 LANDUNION REALTY INC.
- Cross street
- Princess St and MacDonnell
Description
Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 7 one-bedroom units and 5 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $182,600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.