Neerajan Realtor
Description
Price: $ 495,000.00 MLS®: X12639710 Location : 579 Macdonnell Street, Kingston, ON K7K 4W9
All brick legal duplex with amazing income potential in the highly desirable Kingscourt area. Upper level includes 3 spacious bedrooms and 1 full bathroom, with a large living/dining room, separate eat-in kitchen with breakfast area and potential for ensuite laundry. Lower level includes a second self-contained unit with 3 spacious bedrooms and 1 full bathroom, with living room and ensuite laundry room and 2 separate entrances. Large backyard in the rear with a detached single car garage as well as a parking pad in the front for 2 additional cars. Upper level unit currently vacant. Current income from the lower level unit only is $22k+, potential income $55k+ with positive cash flow OR $64k+ as a student rental with over 9% cap rate! Property needs work but a great investment opportunity with excellent value add potential!
Location Description
Concession St & MacDonnell St
Property Details
- Community: 22 - East of Sir John A. Blvd
- Property Type: Vacant/Residential Freehold
- Bedrooms: 6
- Bath: 2
- Garages: Detached
Building Features
- Foundation Type: Concrete
- Construction Material: Brick
- Total Parking Space: 3
Features
- Heating: Baseboard Electric
- Sewer: Sewer ,
Listing Contracted With: NORTH 2 SOUTH REALTY
