ON > Kingston > 14 - Central City East
Kingston, ON K7L 4M8,493 COLLEGE ST
Kingston, ON K7L 4M8,493 COLLEGE ST
Kingston, ON K7L 4M8,493 COLLEGE ST
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$1,649,000
Est. payment /mo
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11 Beds
4 Baths
Active

493 COLLEGE ST Kingston, ON K7L 4M8

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Kenneth Yim

Kenneth Yim

+1(647) 496-2269

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multiplex

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000-2500

Subdivision 14 - Central City East

MLS Listing ID X12544210

Style 2-Storey

Bedrooms 11

Annual Tax Amount $6,067

Tax Year 2025

Property Sub-Type Multiplex

Property Description

Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen's University, St. Lawrence College, and the Teachers' College, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location - modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you've been looking for. Schedule your private viewing today.

Location

Province ON

County Frontenac

Area Frontenac

Zoning A

Rooms

Basement Full, Finished

Kitchen 4

Interior

Interior Features Water Heater Owned

Cooling Central Air

Fireplaces Type Electric

Inclusions Refrigerator (x4), stove (x4), dishwasher (x4), microwave (x4), washer/dryer stack-up (x4), and window coverings.

Exterior

Parking Features None

Pool None

Roof Type Asphalt Shingle

Total Parking Spaces 4

Building

Building Age 51-99

Foundation Block

Others

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Kenneth Yim

Kenneth Yim

Broker of Record | License ID: 9524831

+1(647) 496-2269

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493 COLLEGE ST

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