80 Thomas St. is a real estate investor's dream. This all-brick cash flowing triplex has a bright, open, three-story floor plan, and includes 2two-bedroom units and 1 one-bedroom unit. The property has seen many recent improvements and renovations to all three units. The upper two-bedroom unit was completely gutted and renovated from the studs, and the other two units have had numerous updates including two modern IKEA kitchens. Other improvements include but are not limited to: a new roof, new attic and wall insulation, new vinyl windows, and a 7-foot vinyl fence. Separate electrical meters, a forced air gas furnace, onsite coin laundry, and parking lot for 3-4 cars are just a few of the many reasons that this is the ideal spot for tenants. Its central location is a quick 5-minute walk to the K&P Trail, a 10-minute walk to the Cataraqui River, and a 2-minute walk to Regiopolis Notre Dame High School. It is also a 3-minute drive to downtown Kingston and to central Kingston amenities. A rare opportunity in an ideally-situated area of the city, on the gentrifying edge of Kingston's downtown core. Current te 80 Thomas St. is a real estate investor's dream. This all-brick cash flowing triplex has a bright, open, three-story floor plan, and includes 2 two-bedroom units and 1 one-bedroom unit. The property has seen many recent improvements and renovations to all three units. The upper two-bedroom unit was completely gutted and renovated from the studs, and the other two units have had numerous updates including two modern IKEA kitchens. Other improvements include but are not limited to: anew roof, new attic and wall insulation, new vinyl windows, and a 7-foot vinyl fence. Separate electrical meters, a forced air gas furnace, onsite coin laundry, and parking lot. This turnkey triplex is priced at a near 5% cap rate and won't last long! (id:4069)
Address
80 THOMAS STREET
List Price
$1,099,000
Property Type
Multi-family
Type of Dwelling
Triplex
Transaction Type
Sale
Area
Ontario
Sub-Area
Kingston (east Of Sir John A Blvd)
Bedrooms
5
Bathrooms
3
Floor Area
2500 - 3000 Sq. Ft.
Lot Size
40.6 x 130.7 FT Sq. Ft.
Lot Depth
130 ft ,8 in
Frontage Length
40 ft ,7 in
MLS® Number
X13562722
Listing Brokerage
RE/MAX FINEST REALTY INC., BROKERAGE
Basement Area
Full
Postal Code
K7K2E3
Parking Places (Total)
6
Appliances
Water Heater, Stove, Refrigerator
Amenities
Separate Heating Controls, Separate Electricity Meters
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
None
Foundation Details
Block
Number Of Floors In Building
2
Water Source
Municipal water
Sewer
Sanitary sewer
