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$ 4,750,000
Est. payment | /mo
210,000 SqFt
$ 4,750,000
Est. payment | /mo
210,000 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 210,000 sqft
Price per Sqft $22
Subdivision 23 - Rideau
MLS Listing ID X13124720
Annual Tax Amount $56,973
Tax Year 2025
Property Sub-Type Investment
Lot Depth 295.16
Lot Front 135.05
Property Description
Excellent opportunity to acquire a well-maintained 25-unit low-rise apartment building in Kingston, Ontario. Previously REIT-owned, this property has been professionally managed and is in excellent overall condition. Conveniently located on a bus route, minutes to Highway 401, and close to downtown Kingston.The building offers stable in-place income with clear upside through rental increases on tenant turnover. Additional lift may be available by having new tenancies pay their own hydro.A clean, stabilized multifamily asset in a strong rental market with meaningful long-term upside.
Location
Province ON
County Frontenac
Area Frontenac
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 135.05
Lot Depth 295.16
Others
ParcelsYN No
Listed by RE/MAX RISE EXECUTIVES, BROKERAGE
NEARBY SCHOOL & BUSINESS
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