339 Barrie St
Barrie St, Downtown Kingston, Kingston, ON, K7K 3S9
Quick Summary
Quick Summary
- 12 residential units near Queen's University campus
- Opportunity to increase rents upon turnover
- Built in 2009 with contemporary curb appeal
- $381,000 gross annual income
- Assumable below-market mortgage
- Prime downtown Kingston location
- Leased commercial unit until 2029
- Value enhancement potential
Rare opportunity to acquire a purpose-built student rental property in a prime downtown location in Kingston, Ontario. The subject property features 12 residential units, comprising (6) 2-bed units and (6) 1+1-bed units, along with (1) ground floor commercial unit, which is leased on a triple-net basis to a well-established yoga studio... Show More
Rare opportunity to acquire a purpose-built student rental property in a prime downtown location in Kingston, Ontario. The subject property features 12 residential units, comprising (6) 2-bed units and (6) 1+1-bed units, along with (1) ground floor commercial unit, which is leased on a triple-net basis to a well-established yoga studio until 2029. Conveniently situated 600m from Queen's University's main campus, the 12 residential units are currently occupied by Queen's University students which provide the opportunity to adjust rents to market upon natural turnover. Built in 2009, the property offers contemporary construction, curb appeal, while simultaneously providing a new owner with a potential value enhancement opportunity through cosmetic updates to the residential units. Gross annual income of approximately $381,000 CAD. The assumable CMHC mortgage secured at well-below prevailing interest rates until 2028 provides a prospective purchaser the opportunity to acquire this building today, at yesterday's rates. (id:54626)
Property Details
Size
Parking
Lot
Build
Heating & Cooling
Utilities
Ownership Details
Ownership
Book A Private Showing
For Sale Nearby
Sold Nearby
- 3
- 2
- 2,500 - 3,000 Sq. Ft.
- 2
- 3
- 1,500 - 2,000 Sq. Ft.
- 6
- 3
- 1,278 Sq. Ft.
- 3
- 1
- 600 - 699 Sq. Ft.
- 1
- 1
- 2
- 2
- 500 - 599 Sq. Ft.
- 1
- 1
- 700 - 799 Sq. Ft.
- 1
- 1
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.