$3,199,900
49-67 Adelaide Street, Kingston, ON K7K 1Y3
— beds12 baths
Key facts
- MLS®
- X13467366
- Status
- New
- Type
- Investment
- Taxes
- $20,683
- Listed
- 2026-06-19
- Brokerage
- ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
- Cross street
- Division Street & Adelaide Street
Description
An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of Downtown Kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its own private walk-out basement, with 6 units also offering decks off the living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current Cap Rate of 5.24%, with a projected Cap Rate of approximately 5.37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to Downtown Kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals.
IDX listing data provided by AMPRE / TRREB. Information is believed reliable but not guaranteed.