Excellent opportunity to acquire a well-maintained 25-unit low-rise apartment building in Kingston, Ontario. Previously REIT-owned, this property has been professionally managed and is in excellent overall condition. Conveniently located on a bus route, minutes to Highway 401, and close to downtown Kingston.The building offers stable in-place income with clear upside through rental increases on tenant turnover. Additional lift may be available by having new tenancies pay their own hydro.A clean, stabilized multifamily asset in a strong rental market with meaningful long-term upside. (id:29295)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X13124720 |
| Property Type | Multi-family |
| Community Name | 23 - Rideau |
| Cooling Type | None |
| Heating Type | Radiant Heat |
| Size Interior | 210,000 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 295 Ft ,1 In |
| Size Frontage | 135 Ft |
| Size Irregular | 135.05 X 295.16 Ft |
| Size Total Text | 135.05 X 295.16 Ft |
| Zoning Description | B1 |
https://www.realtor.ca/real-estate/29748589/80-virginia-street-kingston-rideau-23-rideau
Jordan Mcgregor
Salesperson
(613) 546-4208
www.remaxrise.com/
Kateryna Topchii
Salesperson
(613) 546-4208
www.remaxrise.com/