Address
86-98 Quebec Street Kingston, ON
Price
$ 2,800,000
Property Attributes
  • MLS#40187810
  • TypeMulti-Family
  • CountyFRONTENAC
  • CityKingston
  • AreaKingston
  • Neighborhood22 - East of Sir John A. Blvd
  • ZipK7K 1T9
  • StyleMulti-10+Unit
  • Taxes$ 20640
  • Price$ 2,800,000
  • Bedrooms23
  • Full Bathrooms14
  • Half Bathrooms0
  • Sqr Footage9100
Listing Provided Courtesy Of:
ROGERS & TRAINOR COMMERCIAL REALTY INC., BROKERAGE
Data Source:
Ontario Regional (ITSO)
Property Description

Fourteen (14) Suite Multi-Residential Portfolio Opportunity spanning an entire block on Quebec Street, in high-demand predominantly single family residential neighbourhood. 86-88 Quebec consists of 1x1Bed , 1x1Bed+Den & 2x 2 Bed for a total of 4 units, 4 Kitchens, 4 Baths and 6 Bdrms. 90-92 Quebec consists of 2x 1Bed+Den & 2 x 2 Bed units for a total of 4 units, 4 Kitchens, 4 Baths and 6 Bedrooms. All 1-beds are on the main level w/ 2 access points, and all 2-Bed units are on the upper level & feature a balcony off of a eat-in Kitchen. Roof is metal. 94 Quebec is a detached duplex consisting of 1 x 1 Bed + Den & 1 x 2 Bed for a total of 3 Bedrooms & 2 Kitchens. Asphalt shingle roof (2016). 98 Quebec is a 4-plex offer 4x2 Bed suites. Asphalt shingle roof (2012). The properties spanning 86-92 Quebec are all separately metered for hydro, water/waste, and gas. Tenant’s pay all utility costs including heat, water/sewer and hydro except for Unit 1-86 Quebec (inclusive) & Unit 2-86 Quebec (LL pays heat only). The properties spanning 94-98 Quebec are all sep. metered with all utilities paid by tenants. Annual utility cost is approx $3600 total for all properties. The row of dwellings also benefit from a self-contained coin-operated laundry room and 12 on-site parking spaces for additional income. Property is located in close proximity to a bus route & is walking distance to Queen’s University, Downtown Kingston, Grocery Stores, schools and public parks. Property represents a rare value-add investment offering significant upside opportunities on rental income. Current gross rental income is $183,288 + $5,400 parking potential. Total expenses approx $46,000. In-place cap +/- 5%. Market cap +6%.

Price History
11/16/2021 Listed $2,800,000

Interior Features

Basement Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in K7K 1T9

Price
AVG $2.8M
$2.8M
Taxes
AVG $20,640
$20,640
Visits
AVG 52
54
Walkscore
AVG 74
74
Data Provided by Walkscore ® not using MLS data

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.