Maximum 4 project can be compared at one go.
$529,900
Status: For Sale
Large Duplex in Kingston’s sought-after Inner Harbour neighbourhood steps to downtown, schools, parks, public transport & the waterfront. This 2.5 storey Duplex boasts numerous upgrades & offers architecturally unique 2-Bedroom units that optimize style, space & natural light. UNIT 1 is +/-1375 sf, articulated over 2-levels & features 9-ft ceilings on the main floor with a fully equipped eat-in kitchen that grants access to a beautiful private backyard. It includes an expansive living area, a generous bedroom, & a main bathroom, with the lower level boasting 7-ft ceilings & offering a versatile room that serves as an additional bedroom with potential for reinstating a second 3-piece bathroom in addition to in-suite laundry facilities. UNIT 2 is a 2-level 2-Bedroom suite spanning the upper levels of the building offering +/- 900 sf of refined living space, mirroring the aesthetic & allure of an upscale urban loft. It showcases 8-foot ceilings, premium hardwood flooring & includes a versatile kitchen, sophisticated living area, 3-PC bathroom & a lofted third floor, enhancing its urban appeal. Each unit has its own Gas Furnace and Central A/C system (new 2016). Other upgrades since 2016 include new Roof, Kitchen Cabinetry, Gas HWT, Electrical, Plumbing (Copper & ABS), Double-Vinyl Windows, Soffits, Flooring & more. INCOME: UNIT 1 @ $1504.09/month. UNIT 2 @ $1432/month. Utilities included + 1 parking per unit. Tenancies are monthly. Shard laundry estimated @ $400/yr. Total Annual Income $35633.08. EXPENSES include $3755.98 Property Tax, $1411 Insurance, $3276 Utilities & 4% Maintenance allocation of $1409.32. NET INCOME is $25780.78. The Property offers approx. 30% lift in rental income on turnover based on current market rent estimates. The asset’s versatile zoning & layout also allow for an easy transition back to a single-family residence or a partial owner-occupancy scenario where the Buyer can live in one unit and rent the other. Three parking spots available.
Property Type | :Residential Income |
MLS Number | :40595496 |
Listing Type | :Sale |
Property Age | :Unknown years |
Possession Date | : |
Last Updated | :27 May, 2024 (115 Days ago) |
Source | :Kingston |
Area | :Frontenac |
City | :Kingston |
Area Major | :Kingston |
Area Minor | :22 - East of Sir John A. Blvd |
Postal Code | : K7K 3E5 |
Directions | :On Bagot between James and Charles |
Price | : $529,900 |
Property Taxes | :$3755.98 |
Tax Year | :2023 |
Bedrooms | :4 + |
Air Conditioning | :Central Air |
Heating | :Forced Air |
Place of Worship | :No |
Cross Street | :l |
Bathrooms | :2 |
Approx Square Footage | :2235 sqft |
Parking Space | :3 |
Basement | :Full |
27 May, 2024
TREB #40595496
Listed
$529900