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Royal LePage
Royal LePage
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$3,199,900

49-67 ADELAIDE STREET, Kingston (East of Sir John A. Blvd), Ontario, K7K 1Y3

MLS® # X13467366

Kingston (East Of Sir John A. Blvd) ON, K7K 1Y3

MLS® # X13467366

Property Information:

An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of Downtown Kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its own private walk-out basement, with 6 units also offering decks off the living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current Cap Rate of 5.24%, with a projected Cap Rate of approximately 5.37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to Downtown Kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals. (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 8280 sqft Square Feet
  • Heating Type: Forced air
  • Heating Fuel: Natural gas
  • Cooling Type: None
  • Appliances: Dryer, Washer

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 12
  • Features: Irregular lot size
  • Floor Space (approx): 8280 Square Feet
  • Irregular: Yes
  • Lot Depth: 165 Feet
  • Lot Frontage: 132 Feet
  • Lot Size: 132 x 165 FT
  • Zoning: UR5

REALTOR.ca  

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⚠ Potential Investment Performance

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Location of 49-67 ADELAIDE STREET, Kingston (East of Sir John A. Blvd), Ontario, K7K 1Y3

Demographic Information of 49-67 ADELAIDE STREET, Kingston (East of Sir John A. Blvd), Ontario, K7K 1Y3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$92,361.56

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.07 %

High school certificate or equivalent

33.86 %

Apprenticeship trade certificate/diploma

3.07 %

College/non-university certificate

18.35 %

University certificate (below bachelor)

0.58 %

University Degree

30.07 %

Commuter

Travel To Work

By Car

57.61 %

By Public Transit

9.12 %

By Walking

25.07 %

By Bicycle

3.63 %

By Other Methods

4.57 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

50.18 %

Houses

49.82 %

Own Vs. Rent

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