Kingston, K7L 4H5
$2,229,000
Listed by ROYAL LEPAGE PROALLIANCE REALTY.
Incredible investment opportunity downtown Kingston! 39 Ellerbeck was purposely built for two separate rental units each with 6 bedrooms and 3 bathrooms, all completely constructed within the last two years. Unit #1 boasts two ample size bedrooms, one 3-piece bathroom, and an Open Concept Living Room/Dining Room/Kitchen which includes shaker cabinetry, stainless steel appliances and quartz countertops as well as a walk-out to your deck all located on the main floor of the unit. The second floor holds 4 additional large bedrooms, an in-suite washer and dryer, and also one 3-piecebathroom with walk-in shower and one spacious 4-piece bathroom with tub. Unit #2 has very similar floor plans along with the same beautiful finishes the only difference being one of the upper floor bedrooms include bright patio doors, one 3-piece bathroom, and one spacious 2-piece bathroom. Both units provide a gross annual income of$168,240.00. - Unit #1 leased until December 31, 2024 and unit #2 leased until April 30,2025, both units have tenants pay all utilities (hydro, heat, water). Conveniently located Downtown Kingston, minutes away from Queens and easy access to public transit.
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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.
