$3,199,900
49-67 Adelaide Street, Kingston, ON K7K 1Y3
Kingston
- Bathrooms
- 12
- Square feet
- 8,280
- Type
- Investment
About this listing
An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of Downtown Kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its own private walk-out basement, with 6 units also offering decks off the living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current Cap Rate of 5.24%, with a projected Cap Rate of approximately 5.37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to Downtown Kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals.
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Walkability, transit, and bike-friendliness for 49-67 Adelaide Street, Kingston, ON K7K 1Y3
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MLS# X13467366
Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
On market since Jun 19, 2026
About 49-67 Adelaide Street, Kingston, ON K7K 1Y3
How much is 49-67 Adelaide Street, Kingston, ON K7K 1Y3?
49-67 Adelaide Street, Kingston, ON K7K 1Y3 is listed for $3,199,900 CAD.
How many bedrooms and bathrooms does 49-67 Adelaide Street, Kingston, ON K7K 1Y3 have?
49-67 Adelaide Street, Kingston, ON K7K 1Y3 has 12 bathrooms.
What type of property is 49-67 Adelaide Street, Kingston, ON K7K 1Y3?
49-67 Adelaide Street, Kingston, ON K7K 1Y3 is a Investment, 8,280 sq ft.
What neighbourhood is 49-67 Adelaide Street, Kingston, ON K7K 1Y3 in?
49-67 Adelaide Street, Kingston, ON K7K 1Y3 is in Kingston, Ontario.
Is 49-67 Adelaide Street, Kingston, ON K7K 1Y3 for sale or for rent?
49-67 Adelaide Street, Kingston, ON K7K 1Y3 is currently for sale.
How do I book a showing for 49-67 Adelaide Street, Kingston, ON K7K 1Y3?
Contact Michael Mezheritsky to arrange a private showing of 49-67 Adelaide Street, Kingston, ON K7K 1Y3 (MLS# X13467366). You can also send a message through the contact form on this site.