50
  • X12544210
  • MLS® Number
  • Property Type
  • Multiplex, Residential
  • Acres
  • Land Area
  • 11
  • Bedrooms
  • 4
  • Bathrooms
  • Sqft
  • Area Size

493 COLLEGE Street, Kingston, ON K7L 4M8

  • $1,649,000

Description

Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen’s University, St. Lawrence College, and the Teachers’ College, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location – modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you’ve been looking for. Schedule your private viewing today.

Details

MLS® Number X12544210
11 Bedrooms
4 Bathrooms
Updated on November 14, 2025 at 8:52 pm

Additional details

  • Roof: Asphalt Shingle
  • Sewer: Sewer
  • Cooling: Central Air
  • County: Frontenac
  • Property Type: Residential
  • Pool: None
  • Parking: Private
  • Architectural Style: 2-Storey

Address

  • Address: 493 COLLEGE Street
  • City: Kingston
  • State/county: ON
  • Zip/Postal Code: K7L 4M8
  • Country: CA

Contact Information

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