Kingston, East of Sir John A. Blvd, K7K 3E5
$529,900
Listed by Rogers & Trainor Commercial Realty Inc., Brokerage.
Investment with 5.3% cap rate! Duplex located walking distance to Downtown Kingston & centrally located near parks, schools & public transport. Property consists of 2 large well-maintained residential dwellings. UNIT 1 is on the main level w/ private entrance on north side. This unit has 9 ft ceilings, large eat-in Kitchen, a huge 100 sq.ft Bathroom that could be converted to a bedroom, an oversized separate living room with lots of windows & a spacious bedroom. Unit 1 is +/- 900 sq. ft. UNIT 2 is located on the 2nd level w/ a private entrance off Bagot Street. This large & bright unit offers 2 spacious bedrooms, 1 Full Bath & a beautiful open-concept Kitchen/Living Room w/ gleaming hardwood flooring, updated Kitchen & large windows with views. Unit 2 is +/- 700 sq. ft w/ potential to create upper loft bed in attic. All tenancies are monthly. Separate laundry room (coin-operated) on lower level accessed from the back of property. Heating & Cooling is via Gas Furnace (2016) & Central A/C System (2016). Updated Plumbing, Electrical, Roof (Shingles & Metal) all 2016. Other updates include vinyl windows, cabinetry, appliances & more. INCOME: UNIT 1 @ $1306.87/month inclusive + 1 parking, UNIT 2 @ $1870.62/month inclusive + 1 parking. Laundry estimate $400/yr. Total Annual Income is $38,530. EXPENSES include $3914.89 Property Tax, $1,369 Insurance, $3960 Utilities & 4% Maintenance allocation of $1,525. Total expenses are $10,769/yr. NET INCOME is $27,761. Current market rents can generate +/- $33,000/yr. The property offers 3 parking spots w/ a right of way in favour of 616 Bagot (also for sale). Turnkey @ 5.3% cap w/ further growth @ market rents! This Property has the best cap rate for a Duplex in all of the Inner Harbour! That said, the property can also easily be converted to a single family home by opening 1 closed passageway within Unit 2’s entrance corridor. See virtual tour for more details. Or, live in one and rent the other – all units are well-sized!
Dishwasher,Hot Water Tank Owned,2 Fridge, 2 Stove
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Eat-in Kitchen
Living Room
Bathroom
Bedroom
Eat-in Kitchen
Bedroom
Living Room
Bathroom
Bedroom
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.
Kingston, Kingston East (incl Barret Crt), K7K 6V9
Kingston, South of Taylor-Kidd Blvd, K7M 5B1
Kingston, East of Sir John A. Blvd, K7M 1W9
