Realestate

Property Details

1 of 42
$1,099,000
432 Barrie Street, Kingston, ON K7K 3T9
7
5
MLS®X13781810
Property Type
Residential Freehold
Sub Type
Multiplex
Heating
Baseboard
Cooling
None
Lot Size
52.2 x 45.26 Feet
Approx Age
51-99
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. Location, stability, and upside, all in one address. Rent roll, expenses, and property updates available on request. Schedule your private showing today.
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