341 Division Street Kingston, Ontario K7K 4A2
$799,900
Legal non-conforming triplex in a prime location perfect for capturing top market rents. Each unit has in-suite laundry and dedicated parking, making it easy to rent and manage. The building is in excellent condition with numerous recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. Featuring high ceilings and exposed brick, all units show beautifully. The property includes two 1-bedroom units and one 2-bedroomunit. Unit #1 (1 bed) rents for $1,850/month, Unit #3 (1 bed) rents for $1,600/month, and Unit#2 (2 bed) will be vacant June 30, with market rent estimated at $2,000/month. Total potential gross income is $65,400/year, with estimated annual expenses of $12,440, for a projected NOI of$52,960. A well-maintained, cash-flowing investment with wonderful tenants and strong rental appeal. Call, text, or email to book your showing. (id:29295)
Property Details
| MLS® Number | X12166092 |
| Property Type | Multi-family |
| Neigbourhood | University District |
| Community Name | 22 - East of Sir John A. Blvd |
| Parking Space Total | 5 |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 4 |
| Bedrooms Total | 4 |
| Appliances | Dryer, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Exterior Finish | Vinyl Siding, Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Triplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 100 Ft |
| Size Frontage | 25 Ft |
| Size Irregular | 25 X 100 Ft |
| Size Total Text | 25 X 100 Ft|under 1/2 Acre |
| Zoning Description | A |
Jason Barbosa
Salesperson
www.remaxrise.com/
110-623 Fortune Cres
Kingston, Ontario K7P 0L5
(613) 546-4208
www.remaxrise.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
May 23 2025 12:21:02
Kingston & Area Real Estate Association
RE/MAX Rise Executives, Brokerage