423 Palace Road, Kingston, ON, K7L 4T5

House For Sale In Sunnyside, Kingston, Ontario

$974,995 QuickQuote^TM: Not Available

5 Beds

3 Baths

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423 Palace Road, Kingston, ON - Indoor Photo Showing Living Room With Fireplace

423 Palace Road, Kingston, ON - Indoor Photo Showing Other Room

423 Palace Road, Kingston, ON - Indoor Photo Showing Dining Room

423 Palace Road, Kingston, ON - Indoor Photo Showing Kitchen

423 Palace Road, Kingston, ON - Indoor Photo Showing Bedroom

423 Palace Road, Kingston, ON - Indoor Photo Showing Bathroom

423 Palace Road, Kingston, ON - Indoor Photo Showing Living Room

423 Palace Road, Kingston, ON - Indoor Photo Showing Laundry Room

423 Palace Road, Kingston, ON - Outdoor With Facade

423 Palace Road, Kingston, ON - Outdoor With Exterior

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423 Palace Road, Kingston, ON, K7L 4T5

$974,995

5 Beds

3 Baths

Property Information:

This property checks all the boxes. Are you a parent looking to house your son or daughter at Queens—want to have it paid for? Then this property is for you. Or are you a savvy investor that just wants great returns and a solid investment—we have you covered! Don't be deceived by its modest exterior—423 Palace Road is a fully furnished, turn-key, high performing investment. This property is larger than it looks due to a large addition at the rear. Discover 423 Palace Road—an exceptional, well-maintained legal 3-unit property in the heart of the City. With two 2-bedroom units, one 1-bedroom unit, and close proximity to Queen's University, hospitals, and public transit, it appeals to mature tenants and professionals. Standout features include a 100-gallon owned solar hot water heater, energy-efficient vinyl windows, and upgraded insulation for reduced operational costs. Offering an attractive income stream and with a sought after short-term rental rating, it's ideal for long-term tenants and Airbnb ventures. Don't miss this opportunity with a 7.07% CAP Rate, a projected 6.71% ROI. and with 0% vacancy and fully leased until 2025.

Inclusions: Built-in Microwave,Carbon Monoxide Detector,Dishwasher,Dryer,Furniture,Hot Water Tank Owned,Refrigerator,Smoke Detector,Stove,Washer

Exclusions : Tenant Belongings

Building Features:

Floor Space: 2000 Square Feet

Property Features:

Bedrooms: 5
Bathrooms: 3+0
Acres Range: < 0.5
Architectural Style: Two Story
Basement: Full, Finished
Construction Materials: Vinyl Siding
Cooling: Central Air
Driveway Parking: Private Drive Single Wide
Floor Space (approx): 2000 Square Feet
Heating: Forced Air, Natural Gas
Interior Features: Solar Owned
Laundry Features: In Basement
Lot Depth: 135 Feet
Lot Features: Urban, None
Lot Frontage: 50.00 Feet
Road Frontage Type: Municipal Road
Roof: Asphalt Shing
Security Features: Carbon Monoxide Detector, Smoke Detector, Carbon Monoxide Detector(s), Smoke Detector(s)
Water Source: Municipal
Zoning: UR5
Sewer: Sewer (Municipal)
No. of Parking Spaces: 4

Rooms:

Foyer Other level :Lower 2.24 X 2.90
Other 2nd Level 3.56 X 4.19 Note: Kitchen/Dining Room
Living Other level :Lower 4.19 X 4.27
Bathroom Main Level
Bedroom Other level :Lower 3.40 X 5.89
Bedroom Main Level 3.53 X 6.05
Bedroom 2nd Level 3.45 X 4.98
Bedroom Other level :Lower 4.01 X 2.79
Laundry Other level :Lower 1.68 X 2.59
Bedroom Main Level 4.57 X 3.38
Bathroom Other level :Lower 1.63 X 2.03
Dining Main Level 0.53 X 4.67
Living Main Level 4.47 X 3.25
Kitchen Main Level 3.48 X 3.00
Kitchen Other level :Lower 3.30 X 3.07
Bathroom 2nd Level
Living 2nd Level 3.48 X 4.98

Courtesy of: RE/MAX Service First Realty Inc, Brokerage

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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Market Price Trends

Location of 423 Palace Road, Kingston, ON, K7L 4T5

Lifestyle
Neighbourhood

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

38 hot days expected in 2050

Projected Storm Risk: Very High

13 storms expected in 2050

Projected Heat Risk: High

38 hot days expected in 2050

58/100

High

ClimateCheck®

Current data

This property, 423 Palace Road , experiences 7 hot days per year at around 29.4 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 38 hot days at 33.1 degrees Celsius.

Projected Avg. Temperature

Past

29.4℃

2050

33.1℃

# Hot Days Per Year

Past

2050

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk:

13 storms expected in 2050

64/100

ClimateCheck®

Current data

This property, 423 Palace Road , experiences 11 significant 2-day storms per year, with about 330.9mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 13 significant 2-day storms with 417.2mm of precipitation per year.

Precipitation Per Storm

Past

330.9mm

2050

417.2mm

48-Hour Storms Per Year

Past

2050

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 423 Palace Road, Kingston, ON, K7L 4T5

Life Stage

Nearly Retired

Employment Type

Service Sector/White Collar

Average Household Income

$80,692.23

Average Number of Children

1.43

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

14.4 %

High school certificate or equivalent

29.66 %

Apprenticeship trade certificate/diploma

4.25 %

College/non-university certificate

22.4 %

University certificate (below bachelor)

1.22 %

University Degree

28.07 %

Commuter

Travel To Work

By Car

61.4 %

By Public Transit

16.22 %

By Walking

15.91 %

By Bicycle

3.11 %

By Other Methods

3.36 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

75.08 %

Houses

24.92 %

Own Vs. Rent

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Property Information:

Building Features:

Property Features:

Rooms:

Market Price Trends

Location of 423 Palace Road, Kingston, ON, K7L 4T5

Climate Risk Data

Current data

Projected data

About Heat Risk

Current data

Projected data

About Storm Risk

Demographic Information of 423 Palace Road, Kingston, ON, K7L 4T5

Household Population

Household Structure

Age of Population

Education

Education Level

Commuter

Travel To Work

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Own Vs. Rent

Please contact your agent directly about this listing

Please contact your agent directly about this listing

Please contact your agent directly about this listing

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