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$1,499,900

280-282 SYDENHAM Street
Kingston, Ontario K7K3M6

ID# 40617038
Exceptional 7- Unit Investment Opportunity in the heart of Downtown Kingston, spanning both sides of the building. This is not your typical investment property. This place is Beautiful with high ceilings in most the units, balconies or patios off of 6 of the 7 units, and plenty of cosmetic updates making it very easy to rent. Lots of upside potential to increase rents as tenants turn over. All units separately metered. Including an approximate $10,000 in extra income potential that could be charged per year by renting the parking lot and 2 car garage out (built in 2013). Coin Laundry in the basement for tenants convenience as well as storage lockers for each unit. You don’t see properties this nice with such great rental potential come up too often. Projected to operate at around $86,000 NOI after rental increases in January with a potential upside fair market value of $140,000 NOI in relatively short order with tenant turnover and should you choose to optimize with parking/garage income. Email, text or call agent for more information. (id:58777)
Courtesy of Re/Max Rise Executives, Brokerage

Listed on: July 08, 2024

On market: 61 days
Bathroom Total 7
Bedrooms Total 11
Heating Fuel Electric, Natural gas
Stories Total 3

Head Office

Royal LePage ProAlliance Realty, Brokerage

357 Front Street Empire Square

Belleville, OntarioK8N 2Z9


Bus: (613) 966-6060

Fax: (613) 966-2904

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