!!QUICK CLOSE!! Legal Duplex with 1 Additional Unit Located in Kingston, ON!! Available

  • $499,999
  • 4 beds
  • 3 baths
  • 1500-1999 sqft

Here is another excellent property in a great location!! This affordably priced, brick duplex boasts an additional third unit, and sits on a quiet street with a vacant lot on one side and behind. Just minutes from the shore of the St-Lawrence Seaway and K&P Trail, the house is a 5-minute drive/10-minute bike ride to Queens University, and a 15-minute stroll to shops, restaurants and pubs downtown. Each unit is separately metered for hydro, and there is ample parking available. The Seller is currently in the process of evicting 1 tenant, which opens up the possibility for an Investor to upgrade and increase the rent for that unit. Other than cosmetic changes, no other work is required!! Don’t miss out!!

We are selling our assignable purchase contract.
Closing is December 10th, 2021
**As per our APS, the Buyer agrees to assume the current tenants.**

PROPERTY FEATURES

  • Property code: Duplex
  • 2-storeys
  • 4 bedrooms
    • 1 bedroom is located in Unit 1
    • 2 bedrooms are located in Unit 2
    • 1 bedroom is located in Unit 3
  • 3 full bathrooms
    • 1 bathroom is located in Unit 1
    • 1 bathroom is located in Unit 2
    • 1 bathroom is located in Unit 3
  • Built in 1948
  • Above grade: 1500-1999 sq ft (as per MPAC) 
  • Basement: 700-1099 sq ft (as per MPAC)
  • Flooring: wood, vinyl, tile
  • 200 AMP breaker panel
  • Electric baseboard heaters can be found throughout the property
  • HWT is owned (as per Seller)
  • Windows are 10-years-old (as per Seller)
  • Roof was redone 6-years-ago (as per Seller)
  • Large backyard
  • Parking for 4 cars at the rear of the property
  • On municipal services
  • 3 separate hydro metres
  • Lot size: 42 ft x 102 ft
  • Zoning: C1.140, A

UNIT BREAKDOWN
Unit 1:

  • Currently rented for $785/month + utilities
    • This tenant is behind 2 months in rent. However, they have been making efforts to pay off existing bill (as per Seller)
  • 1 bedroom
  • 1 full bathroom
  • Allotted 1 parking space
  • Separate hydro meter

Unit 2:

  • Currently rented for $1250/month + utilities
    • The Seller is working on evicting this tenant, and they have already been engaged in this process for a few months now. The Seller and the tenant have a meeting with the landlord tenant board schedule for mid-November, and the Seller feels that the tenant will be evicted due to non-compliance with an order already set out by the landlord tenant board (as per Seller)
  • 2 bedrooms
  • 1 full bathroom
  • Allotted 1 parking space
  • Separate hydro meter

Unit 3:

  • Currently rented for $560/month + utilities
    • This tenant has lived in the property for 22 years, and is always up to date with their rent (as per Seller)
  • 1 bedroom
  • 1 full bathroom
  • Allotted 1 parking space
  • Separate hydro meter

PROPERTY NEEDS

  • Cosmetic updating

 

Please click HERE for more pictures and information.

Price:
$499,999
Address:
Charles St & Montreal St
Kingston, ON
Square Feet:
1500-1999
Lot Size:
42 ft x 102 ft
Bedrooms:
4
Bathrooms:
3
Terms:
Assignment of Contract
Property Type:
Duplex
Year Built:
1948

Call (647) 400-2093 for more details

Property Location