335-339 Barrie Street Kingston, ON K7K 2S9
Listing Courtesy of: ITSO / Sutton Group-Masters Realty Inc Brokerage

  335-339 Barrie Street Kingston, ON K7K 2S9

Active (69 Days)
$5,750,000
18
BED
12
BATH
10,883
SQFT

Description

Rare opportunity to acquire a purpose-built student rental property in a prime downtown location in Kingston, Ontario. The subject property features 12 residential units, comprising (6) 2-bed units and (6) 1+1-bed units, along with (1) ground floor commercial unit, which is leased on a triple-net basis to a well-established yoga studio until 2029. Conveniently situated 600m from Queen's University's main campus, the 12 residential units are currently occupied by Queen's University students which provide the opportunity to adjust rents to market upon natural turnover. Built in 2009, the property offers contemporary construction, curb appeal, while simultaneously providing a new owner with a potential value enhancement opportunity through cosmetic updates to the residential units. Gross annual income of approximately $381,000 CAD. The assumable CMHC mortgage secured at well-below prevailing interest rates until 2028 provides a prospective purchaser the opportunity to acquire this building today, at yesterday's rates.

MLS®:
40554248
Taxes
$33,674
Type
Multifamily
County
Frontenac County

Listed By

Peter Sauerbrei, Sutton Group-Masters Realty Inc Brokerage
Source
ITSO
Last checked May 22 2024 at 9:19 PM GMT+0000
Bathroom Details
Interior Features
  • Built-In Appliances
  • Separate Hydro Meters
  • Separate Heating Controls
  • Auto Garage Door Remote(s)
  • Laundry: In-Suite
  • Dishwasher
  • Dryer
  • Microwave
  • Refrigerator
  • Stove
  • Washer
  • Windows: Window Coverings
  • Built-In Microwave
Lot Information
  • Rectangular
  • Park
  • Schools
  • Shopping Nearby
  • Public Transit
  • City Lot
  • Public Parking
Property Features
  • Foundation: Poured Concrete
  • Foundation: Slab
Heating and Cooling
  • Baseboard
  • Forced Air
  • Central Air
Exterior Features
  • Roof: Asphalt Shing
  • Roof: Flat
  • Roof: Membrane
Utility Information
  • Sewer: Sewer (Municipal)
Garage
  • Attached Garage
Parking
  • Attached Garage
  • Exclusive
  • Garage Door Opener
  • Total: 7
  • Assigned
Stories
  • 3
Living Area
  • 10,883 sqft
Location
   
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Disclaimer: Listing content protected by copyright and licensed by Information Technology Systems Ontario: Data last updated: 5/22/24 14:19