418 College Street, Kingston, ON K7L 4M7

Beautiful purpose built triplex in fantastic downtown, south side location. This well cared for property consists of 2 large 3 BR units on the main and upper floors and a 2 BR unit on the lower level. The main and upper level have the exact same layout consisting of a bright very large LR/DR area with huge windows, well sized updated kitchen with ceramic floors and backsplash, 3 spacious BRs and 4 pc bath. The lower level has full sized windows, an updated large kitchen, LR/DR area, 2 BRs and 4 pc bath. There are hardwood floors throughout in all units except the kitchen and baths. This property is perfect for either owner occupied (the ceiling on the main floor has been soundproofed) with income or as an investment. There is plenty of parking in the back as well as a 2 car detached garage. Each unit comes with a dishwasher and includes most furnishings. There is coin operated laundry in the lower level. The windows, furnace and 1 hwt have been updated as well. The main floor unit is on a yearly lease. The 2 other units are currently air bnb for the summer to allow a prospective buyer the option for an owner occupied unit if desired. Previous yearly lease gross income of $86,640 and net income approximately $66,000 per year.

Details

MLS® Number
X12162289

Bedrooms
8

Bathrooms
3