Century 21 People’s Choice Realty Inc., Brokerage
120 MATHESON BLVD E #103
MISSISSAUGA, Ontario
L4Z 1X1
Kingston, East of Sir John A. Blvd, K7K 3Z7
$699,900$000000
Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE.
Great investment opportunity in Kingston's downtown core and close to Queen's University, sits this renovated 2 storey red brick duplex finished with the modern touch throughout. Both units are 2 bedrooms, with the main floor unit having laundry, and a rear door to the private courtyard like backyard with a stone patio and the detached single car garage accessed by shared lane. Both rented until the end of April 2025 with Unit 1 @ $2050/month and Unit 2 @ $2030 with all tenants splitting utilities. Vacant possession available for both units, but Unit 2 would like to stay and are great tenants. Perfect timing for a parent looking for a place with extra income, and netting $43,460 makes a great move for the investor with a cap rate just above 6%.
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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.
Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100
