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608 Bagot St

Bagot St, Inner Harbour, Kingston, ON, K7K 3E5

5
Beds
2
Baths
1,650
Sq. Ft.
$539,000
List Price
Details
Photos
33
Comparables
History
608 Bagot St, Kingston, ON - 1 of 3
608 Bagot St, Kingston, ON - 2 of 3
608 Bagot St, Kingston, ON - 3 of 3
34 days on market

Quick Summary

  • Spacious detached property with maintenance-free vinyl siding
  • Freshly renovated 3-bedroom ground floor unit ready to occupy
  • Separate utilities and furnace/AC systems for each unit
  • Ample parking and outdoor space on the property
  • Convenient 12-minute walk to downtown core and 5-minute walk to waterfront
  • Vacant 2-bedroom upper unit offers investment opportunity
  • Conservative rents of $2000+ for ground floor and $1300+ for upper unit
  • Healthy NOI of $33,707 and CAP rate of 6.2% based on 2023 taxes and insurance

A downtown up-and-down Inner Harbour legal duplex with the utilities all nicely separated. A freshly renovated (it's really quite brilliant) three-bedroom ground floor unit is vacant and ready to go. Up above is a good two-bedroom unit also vacant. Both have their own furnace and AC systems. This spacious detached property is in fine... Show More

A downtown up-and-down Inner Harbour legal duplex with the utilities all nicely separated. A freshly renovated (it's really quite brilliant) three-bedroom ground floor unit is vacant and ready to go. Up above is a good two-bedroom unit also vacant. Both have their own furnace and AC systems. This spacious detached property is in fine condition with maintenance-free vinyl siding, as well as ample parking and outdoor space. The downtown core is a twelve-minute stroll, Doug Fluhrer Park and the waterfront is not even five minutes away, and The Elm Cafe is closer than your own kitchen. It seems an unusually fine investment to me, offering the opportunity to set your own rents or live inexpensively in one of the city's most thrilling neighbourhoods. Conservative rents would be $2000 + on the main floor and $1300 + upstairs. 2023 taxes of $4493 and insurance of approximately $1400 per year suggest an NOI of 33,707 and a very healthy CAP rate of 6.2%. (id:54626)

Property Details

Size

1,650 sq. ft.
across 2 floors
5 Beds
2 Baths
2 Full

Parking

4 Parking Spaces
-

Lot

Size
467′12″ * 1272′0″
Acres
-

Build

Year Built
1900
Model Name
-
Basement
Unfinished
Exterior
Vinyl siding
Foundation
Stone
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
Central air conditioning

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
40596535
Last Updated
June 18, 2024
Brokerage
Royal LePage ProAlliance Realty, Brokerage
Powered by: REALTOR.ca
Call us 800-591-0566

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