Space
Finished area and layout
- Living Area
- 10,000 sqft
+5 more
$2,375,000
48 Stephen
Kingston (22 - East of Sir John A. Blvd), Ontario, K7K2C3
10,000 sqft
Living Area
57.72 x 141.18 ft
Lot
Property Snapshot
Key details for this listing
MLS #X13228856
Property
Type, style and structure
- Type
- residential
- Style
- multi-family / Multiplex
- Ownership
- Freehold
Lot
Land, frontage and setting
- Lot
- 57.72 x 141.18 ft - 57.72 x 141.18 FT
About This Property
This multi-family in Kingston offers 10,000 sqft of living area on a 57.72 x 141.18 ft lot. The property has lot dimensions of 57.72 x 141.18 FT. The home features hot water radiator heat, natural gas, radiator heating.
MLS Remarks
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. (id:60351)
Documents & Attachments
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