210,000 ft2
None
Radiant Heat
$4,750,000
Excellent opportunity to acquire a well-maintained 25-unit low-rise apartment building in Kingston, Ontario. Previously REIT-owned, this property has been professionally managed and is in excellent overall condition. Conveniently located on a bus route, minutes to Highway 401, and close to downtown Kingston.The building offers stable in-place income with clear upside through rental increases on tenant turnover. Additional lift may be available by having new tenancies pay their own hydro.A clean, stabilized multifamily asset in a strong rental market with meaningful long-term upside. (id:64343)
Business
|
Business Type
|
Residential |
|
Business Sub Type
|
Apartments |
Property Details
|
MLS® Number
|
X13124720 |
|
Property Type
|
Multi-family |
|
Community Name
|
23 - Rideau |
Building
|
Cooling Type
|
None |
|
Heating Type
|
Radiant Heat |
|
Size Interior
|
210,000 Ft2 |
|
Type
|
Multi-family |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Size Depth
|
295 Ft ,1 In |
|
Size Frontage
|
135 Ft |
|
Size Irregular
|
135.05 X 295.16 Ft |
|
Size Total Text
|
135.05 X 295.16 Ft |
|
Zoning Description
|
B1 |
https://www.realtor.ca/real-estate/29748589/80-virginia-street-kingston-rideau-23-rideau