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280-282 Sydenham Street Kingston, Ontario K7K 3M6

11 Bedroom 7 Bathroom 4230 sqft

$1,499,900.00

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 2010). 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:52904)

Property Details

MLS® Number 40617038
Property Type Multi-family
Neigbourhood Sydenham
Amenities Near By Hospital, Park, Playground, Public Transit, Schools
Community Features Community Centre
Equipment Type Water Heater
Features Crushed Stone Driveway, Laundry- Coin Operated
Parking Space Total 9
Rental Equipment Type Water Heater
Structure Porch

Building

Bathroom Total 7
Bedrooms Total 11
Basement Development Unfinished
Basement Type Full (unfinished)
Exterior Finish Brick, Stone
Foundation Type Stone
Heating Fuel Electric, Natural Gas
Stories Total 3
Size Interior 4230 Sqft
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Land Amenities Hospital, Park, Playground, Public Transit, Schools
Sewer Septic System
Size Depth 136 Ft
Size Frontage 48 Ft
Size Irregular 0.177
Size Total 0.177 Ac|under 1/2 Acre
Size Total Text 0.177 Ac|under 1/2 Acre
Zoning Description Ur5

https://www.realtor.ca/real-estate/27139510/280-282-sydenham-street-kingston

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