476 Albert ST, Kingston, ON K7L 3W3
476 Albert ST, Kingston, ON K7L 3W3
476 Albert ST, Kingston, ON K7L 3W3
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$1,299,000
Est. payment /mo
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4 Beds
4 Baths
Active Under Contract

476 Albert ST Kingston, ON K7L 3W3

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Kenneth Yim

Kenneth Yim

+1(416) 906-0080

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Fourplex

Listing Status Active Under Contract

Purchase Type For Sale

Approx. Sqft 1500-2000

Subdivision 14 - Central City East

MLS Listing ID X13671314

Style 1 Storey/Apt

Bedrooms 4

Annual Tax Amount $6,839

Tax Year 2026

Property Sub-Type Fourplex

Lot Depth 132.0

Lot Front 33.0

Property Description

Purpose-built fourplex in a great location on Albert Street, south of Princess Street and close to Queen's Main Campus, transit, shopping, restaurants and parks. The location has consistently supported very strong rental demand, with tenants primarily being full-time Queen's University students.The building contains three 2-bedroom apartments and one 3-bedroom apartment, each with a full 4-piece bath. Exceptionally well maintained throughout, the property features a central entrance and stairwell serving all four units, common coin-operated laundry, storage spaces and four on-site parking spaces. Apartments are separately metered for ESA approved hydro meters, which is paid by the tenants. Common owner expenses are water and sewer, common-area electricity (entrance, exterior, laundry) and shared internet. Projected annual operating income is approximately $111,400, with operating expenses of approximately $11,300 and projected NOI of approximately $100,100 before repairs, maintenance, vacancy and capital expenditures. A straightforward, well-kept income property with established rental demand and limited owner-paid operating costs. There is the possibility of owner occupancy at this time. Full financials are available upon request.

Location

Province ON

County Frontenac

Area Frontenac

Rooms

Family Room No

Basement Apartment

Kitchen 4

Separate Den/Office 5

Interior

Interior Features Separate Hydro Meter

Cooling None

Fireplace No

Heat Source Electric

Exterior

Parking Features Private

Pool None

Roof Type Asphalt Shingle

Lot Frontage 33.0

Lot Depth 132.0

Total Parking Spaces 4

Building

Foundation Poured Concrete

Others

ParcelsYN No

Listed by SUTTON GROUP-MASTERS REALTY INC., BROKERAGE

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Kenneth Yim

Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 906-0080

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476 Albert ST

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