FOR SALE
$599,900
12 Kingston, Rideau Lakes, ON, K0G 1E0
4
2
2000-2500
About the Property
Exceptional value with this turnkey investment property located in walking distance minutes from downtown Kingston and Queen's University. Rented as a 4-bedroom student rental, this property can easily be turned into a 6-bedroom rental with minimal work. There's an extra bedroom on the 2nd floor (not currently being rented out) and potential to convert the dining room into another bedroom. This well-maintained residence is positioned in one of Kingston's most desirable rental areas for it's locational characteristics, offering consistent demand and a proven track record of strong occupancy.
The property features generous living spaces, well sized bedrooms, two full bathrooms, and one dedicated parking space. Currently fully tenanted at $43,200.00 annually (May 2026 to end of April 2027 lease in place), with tenants responsible for utilities, the home provides reliable income and attractive returns, with additional upside potential for investors. Additional opportunity exist to further enhance revenue by monetizing the existing parking space. With a history of stable occupancy and minimal maintenance requirements, this property presents an excellent opportunity for both seasoned and first-time investors seeking to grow their portfolio in a high-demand market.
About the Property
Exceptional value with this turnkey investment property located in walking distance minutes from downtown Kingston and Queen's University. Rented as a 4-bedroom student rental, this property can easily be turned into a 6-bedroom rental with minimal work. There's an extra bedroom on the 2nd floor (not currently being rented out) and potential to convert the dining room into another bedroom. This well-maintained residence is positioned in one of Kingston's most desirable rental areas for it's locational characteristics, offering consistent demand and a proven track record of strong occupancy.
The property features generous living spaces, well sized bedrooms, two full bathrooms, and one dedicated parking space. Currently fully tenanted at $43,200.00 annually (May 2026 to end of April 2027 lease in place), with tenants responsible for utilities, the home provides reliable income and attractive returns, with additional upside potential for investors. Additional opportunity exist to further enhance revenue by monetizing the existing parking space. With a history of stable occupancy and minimal maintenance requirements, this property presents an excellent opportunity for both seasoned and first-time investors seeking to grow their portfolio in a high-demand market.
Property Details
MLS#:
X13419790
Status:
For Sale
Property Type:
Semi-Detached
Central A/C:
No
Bedrooms:
5
Heating Fuel:
Forced Air
Bathrooms:
2
Heating Type:
Forced Air
Parking:
1 Spot
Cross Street:
queen st
Basement:
Unfinished
Property Details
MLS#:
X13419790
Status:
For Sale
Property Type:
Semi-Detached
Central A/C:
No
Bedrooms:
5
Heating Fuel:
Forced Air
Bathrooms:
2
Heating Type:
Forced Air
Parking:
1 Spot
Cross Street:
queen st
Basement:
Unfinished
Maintenance:
Exterior:
Vinyl Siding
Possession Date:
Presented By:
SUTTON GROUP-MASTERS REALTY INC., BROKERAGE
Maintenance:
Exterior:
Vinyl Siding
Possession Date:
Presented By:
SUTTON GROUP-MASTERS REALTY INC., BROKERAGE