423 Palace Road, Kingston, ON, K7L 4T5

$974,995

MLS® # 40572559

House For Sale In Sunnyside, Kingston, Ontario

$974,995

  • 5

    Bedrooms

  • 3

    Baths

  • 4

    Parking Spaces

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

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Additional Photos