FOR SALE
$1,299,000
533 Kingston, Toronto, ON, M4L 1V5
5+2
3
2000-2500
About the Property
TURNKEY 5-PLEX IN DOWNTOWN KINGSTON - CASH FLOW NOW, ROOM TO GROW. This is the perfect time to start or expand your investment portfolio in Kingston, Ontario, and 432 Barrie Street is the perfect property to do it. This solid 5-plex offers an in-demand mix of 4 x 1-bedroom units and one 3-bedroom unit. Tenants pay hydro (electric heat) and each unit is separately metered.
On-site coin laundry and dedicated parking for 3 vehicles provide additional steady income each month. The building attracts quality tenants - young professionals and students - with turnover averaging around every 2 years. Units have been consistently updated. Bonus: with some units currently below market rents, there is a clear path to grow income as leases turnover.
Features
Property Details
MLS#:
X13781810
Status:
For Sale
Property Type:
Multiplex
Central A/C:
No
Bedrooms:
7
Heating Fuel:
Baseboard
Bathrooms:
5
Heating Type:
Baseboard
Parking:
3 Spots
Cross Street:
From Princess, head north on Barrie St. Property is on the left side, corner of Barrie and Raglan.
Basement:
None
About the Property
TURNKEY 5-PLEX IN DOWNTOWN KINGSTON - CASH FLOW NOW, ROOM TO GROW. This is the perfect time to start or expand your investment portfolio in Kingston, Ontario, and 432 Barrie Street is the perfect property to do it. This solid 5-plex offers an in-demand mix of 4 x 1-bedroom units and one 3-bedroom unit. Tenants pay hydro (electric heat) and each unit is separately metered.
On-site coin laundry and dedicated parking for 3 vehicles provide additional steady income each month. The building attracts quality tenants - young professionals and students - with turnover averaging around every 2 years. Units have been consistently updated. Bonus: with some units currently below market rents, there is a clear path to grow income as leases turnover.
Features
Property Details
MLS#:
X13781810
Status:
For Sale
Property Type:
Multiplex
Central A/C:
No
Bedrooms:
7
Heating Fuel:
Baseboard
Bathrooms:
5
Heating Type:
Baseboard
Parking:
3 Spots
Cross Street:
From Princess, head north on Barrie St. Property is on the left side, corner of Barrie and Raglan.
Basement:
None
Maintenance:
Exterior:
Vinyl Siding
Possession Date:
Presented By:
CENTURY 21 HERITAGE GROUP LTD., BROKERAGE
Maintenance:
Exterior:
Vinyl Siding
Possession Date:
Presented By:
CENTURY 21 HERITAGE GROUP LTD., BROKERAGE