$649,000

About this listing

Annual gross income of $43,200 with lease in place to end of April 2027 with the additional opportunity to further enhance revenue by monetizing more bedrooms and the existing parking space. Exceptional value with this turnkey investment property located in walking distance minutes from downtown Kingston and Queen's University. Rented as a 4-bedroom student rental, this property can easily be turned into a 6-bedroom rental with minimal work. There's an extra bedroom on the 2nd floor (not currently being rented out) and potential to convert the dining room into another bedroom. This well-maintained residence is positioned in one of Kingston's most desirable rental areas for it's locational characteristics, offering consistent demand and a proven track record of strong occupancy. The property features generous living spaces, well sized bedrooms, two full bathrooms, and one dedicated parking space. Currently fully tenanted at $43,200.00 annually (May 2026 to end of April 2027 lease in place), with tenants responsible for utilities, the home provides reliable income and attractive returns, with additional upside potential for investors. With a history of stable occupancy and minimal maintenance requirements, this property presents an excellent opportunity for both seasoned and first-time investors seeking to grow their portfolio in a high-demand market. New roof 2024.