An exceptional student housing investment in Kingston's University District, just a 3-minute walk to Queen's University and 2 minutes from the Hub entertainment district, with a grocery store and pharmacy within one block. This 8-bedroom home generates $9,400 per month ($112,800 annually). Tenants pay all utilities, and the current lease runs until April 30, 2027. The home features 2 kitchens, 2 living areas, 2 bathrooms and a 3rd floor primary Loft Suite. Originally designed as 2 separate units, it may offer the option to convert back (buyer to verify). Parking for 5 includes 3 tenant spaces plus 2 spaces rented separately at $100/month each. Their regular U-shaped lot adds possible future development potential. This is exactly where students want to live and investors want to own. (id:4069)
Address
364 BROCK STREET
List Price
$1,200,000
Property Type
Single Family
Type of Dwelling
Row / Townhouse
Transaction Type
Sale
Area
Ontario
Sub-Area
Kingston
Bedrooms
8
Bathrooms
2
Floor Area
2000 - 2500 Sq. Ft.
Lot Size
28.7 x 132 FT Sq. Ft.
Lot Depth
132 ft
Frontage Length
28 ft ,8 in
MLS® Number
X13857066
Listing Brokerage
RE/MAX FINEST REALTY INC., BROKERAGE
Basement Area
Full (Unfinished)
Postal Code
K7L1T1
Zoning
URM3
Ownership
Freehold
Parking Places (Total)
5
Site Influences
Park, Public Transit
Appliances
Water meter, Stove, Refrigerator
Heat Source
Natural gas
Cooling Features
None
Foundation Details
Block, Concrete, Stone
Number Of Floors In Building
2.5
Water Source
Municipal water
Sewer
Sanitary sewer
