Kingston, East of Sir John A. Blvd, K7K 3E5
$529,900
Listed by Rogers & Trainor Commercial Realty Inc., Brokerage.
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.
Other,2 X Fridge, 2 X Stove
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