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$789,900
Available - For Sale
Listing ID: X12073930
Prime Downtown Kingston Legal Triplex - An Exceptional Investment! Welcome to this beautifully updated legal triplex in the heart of downtown Kingston, between Division Street and Montreal Street. With seamless access to transportation and steps from McBurney Park, it's a prime location, just a 15-minute walk to Queen's University, backing onto Friendship Park with a basketball court and ample green space. THIS INVESTMENT PROPERTY IS FULLY RENTED with an annual income of $66,000 before expenses. Highlights include a Main Floor Unit: Luxurious 1-bedroom, 1-bathroom, state-of-the-art kitchen with built-in appliances and a waterfall island. A second Unit: Spacious 3-bedroom, 1-bathroom with abundant natural light. Scenic views of Friendship Park. A top Floor Unit: Cozy 1-bedroom, 1-bathroom, perfect for singles or couples. Basement: Potential for a future 4th unit - 2-bedroom secondary suite with a separate entrance. New electrical rough-in and dedicated sub-panel (May 2024). **Key Features:** Modern Upgrades: Updated appliances and bathroom fixtures. New Vinyl Windows (2020) and New Exterior Doors (2021). Radon Mitigation System installed in 2021. Flat Roof replaced in May 2024. Shared Laundry: Washer and dryer accessible to all units. Ample Parking: Space for 6 vehicles. Prime Location: Close to downtown, schools, public transit, and shopping. Option for the new owner to move into one of the three units and live rent-free while managing the other units or simply add this amazing property to your portfolio. Don't miss out on owning a prime piece of Kingston real estate!
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $72,950 $145,900 $218,850 $291,800
First Mortgage $1,386,050 $1,313,100 $1,240,150 $1,167,200
CMHC/GE $38,116.38 $26,262 $21,702.63 $0
Total Financing $1,424,166.38 $1,339,362 $1,261,852.63 $1,167,200
Monthly P&I $6,099.59 $5,736.38 $5,404.42 $4,999.03
Expenses $0 $0 $0 $0
Total Payment $6,099.59 $5,736.38 $5,404.42 $4,999.03
Income Required $228,734.78 $215,114.39 $202,665.64 $187,463.52

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX SERVICE FIRST REALTY INC., BROKERAGE

211 Raglan Road , Kingston, K7K 1L5, Frontenac

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MD Ashraful Bari
Broker
Dir:
647.406.6653
Bus:
905.201.9977
Fax:
905.201.9229

 
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At a Glance:
Type: Freehold - Triplex
Area: Frontenac
Municipality: Kingston
Neighbourhood: 22 - East of Sir John A. Blvd
Style: 3-Storey
Lot Size: x 80.50(Feet)
Approximate Age:
Tax: $5,352
Maintenance Fee: $0
Beds: 4
Baths: 3
Garage: 0
Fireplace: N
Air Conditioning:
Pool: None
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Personal Pic MD Ashraful Bari Broker HomeLife/Future Realty Inc, Brokerage Independently owned and operated. pic Cell: 647.406.6653 | Office: 905.201.9977
MD Ashraful Bari
BROKER

Cell: 647.406.6653
Office: 905.201.9977
Fax: 905.201.9229


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HomeLife/Future Realty Inc., Brokerage
Independently owned and operated.
205-7 Eastvale Drive
Markham, ON L3S 4N8

 

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