$2,375,000
48 Stephen Street, Kingston, ON K7K 2C3
Kingston
- Square feet
- 10,000
- Type
- Investment
About this listing
Well-located 12-unit apartment building in Kingston's highly sought-after Inner Harbour District. The property generates a current NOI of $106,803 and is approximately 21% under-rented across the building, offering immediate and measurable upside through rent optimization. The building is in good overall condition, with several capital improvements already completed. Rents are inclusive, with landlord-paid utilities, creating potential for future expense optimization. On-site parking enhances tenant appeal and long-term stability. This asset qualifies for CMHC MLI-Select-style financing, making it an attractive opportunity for investors seeking leverage, income growth, and a strong downtown location with limited multi-residential supply. Full financials, rent roll, and supporting documentation are available in the data room. Serious buyers are encouraged to review the materials to fully understand the income upside and financing potential.
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Walkability, transit, and bike-friendliness for 48 Stephen Street, Kingston, ON K7K 2C3
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MLS# X13228856
Listed by RE/MAX RISE EXECUTIVES, BROKERAGE
On market since Jun 2, 2026
About 48 Stephen Street, Kingston, ON K7K 2C3
How much is 48 Stephen Street, Kingston, ON K7K 2C3?
48 Stephen Street, Kingston, ON K7K 2C3 is listed for $2,375,000 CAD.
What type of property is 48 Stephen Street, Kingston, ON K7K 2C3?
48 Stephen Street, Kingston, ON K7K 2C3 is a Investment, 10,000 sq ft.
What neighbourhood is 48 Stephen Street, Kingston, ON K7K 2C3 in?
48 Stephen Street, Kingston, ON K7K 2C3 is in Kingston, Ontario.
Is 48 Stephen Street, Kingston, ON K7K 2C3 for sale or for rent?
48 Stephen Street, Kingston, ON K7K 2C3 is currently for sale.
How do I book a showing for 48 Stephen Street, Kingston, ON K7K 2C3?
Contact Michael Mezheritsky to arrange a private showing of 48 Stephen Street, Kingston, ON K7K 2C3 (MLS# X13228856). You can also send a message through the contact form on this site.