Kingston, East Gardiners Rd, K7M 8L2
$699,900
Listed by RE/MAX Service First Realty Inc, Brokerage.
This exceptional single-family home in Kingston's West End offers incredible potential for expansion and investment! Set on an expansive corner lot in the desirable Waterloo Village, this move-in-ready property features 3 bedrooms and 2.5 bathrooms. The main floor's open-concept layout includes a spacious living and dining area, a full kitchen with a cozy breakfast nook, and a seamless flow to a fantastic outdoor space. Upstairs, you'll find 3 well-proportioned bedrooms and a 4-piece bathroom. The fully finished lower level adds versatility, featuring a large recreation room with a bar, another 4-piece bathroom, and a dedicated laundry area. For developers, builders, or investors, this property is a prime opportunity. The seller has taken advantage of the oversized lot to design plans for two secondary suites attached to the existing home, making this a future 3-unit property. These permit-ready plans include one 3-bedroom unit and one 4-bedroom unit, each offering approximately 1,350 sq. ft. of finishable space. With zoning in place and savings available on impost fees, this is a turn-key project for anyone looking to capitalize on Kingston's rental market. A great project to add to any portfolio for the long term. (Zoning in place to allow this plan. Also there are savings re: impost fee to be paid.)
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The graph below compares the average list price and average sale price of homes in this neighborhood by month for the last 24 months. When average sale price is greater than average list price, this may suggest a buyer's market. When average sale price is lower than the average list price this may suggest a seller's market.
The graph below illustrates the average days on market for homes in this neighborhood. The yellow area may indicate a buyer's market, the green area may indicate a balanced market and the red area may indicate a seller's market.