139 Drennan Street

Introducing an exceptional opportunity to acquire a house for sale in Kingston , located at 139 Drennan Street, Kingston. This property is not just a house; it is a canvas for your imagination, offering immense potential for savvy investors or those with a keen eye for renovation. Set in the desirable community of Rideau within the Frontenac area, this detached two-storey house is positioned on a mature corner lot, measuring an impressive 80 by 97 feet.

The exterior of the property features a combination of aluminium siding and brick, providing a sturdy and attractive façade. As you step inside this unfurnished residence, you will discover a total of five rooms, including three well-sized bedrooms and two versatile dens. The layout is practical, allowing for various configurations to suit your needs. This house for sale in Kingston is perfect for those looking to create a comfortable family home or to reimagine the space for rental opportunities.

One of the standout features of this property is its potential for conversion. The house is currently a single-family dwelling but offers a unique opportunity to transform it into a legal triplex, subject to zoning approval. The main unit boasts over 1,500 square feet of living space, with a solid structure and multiple entry points that lend themselves perfectly to a three-unit conversion. The second unit, comprising 627 square feet, includes two bedrooms, one bathroom, and a kitchen, while there is also the possibility of creating a third unit with approximately 850 square feet of open space. This flexibility makes the house for sale in Kingston an ideal investment for those looking to generate income in a high-demand rental market.

In terms of amenities, the property includes two bathrooms, a main kitchen, and an additional kitchen, providing ample space for cooking and entertaining. While the house does not feature a family room or a central vacuum system, it does come equipped with internet connectivity, ensuring you stay connected in today’s digital age. The heating is provided by a forced air system, and the property is connected to municipal water and sewer services.

Despite the absence of air conditioning and a swimming pool, the house for sale in Kingston offers ample parking space with a private driveway accommodating up to seven vehicles. This is a significant advantage for potential tenants or family gatherings, making it a practical choice for those who value convenience.

The location of 139 Drennan Street, Kingston, is another compelling aspect of this property. Just minutes away from downtown Kingston, Queen's University, and public transport, it provides easy access to all the amenities and services the city has to offer. This prime location enhances the property’s appeal, making it an attractive option for both renters and homeowners alike.

As you consider this investment, it is important to note that the property is being sold 'as is, where is.' The seller makes no representations or warranties of any kind, which means it is essential for potential buyers to conduct their due diligence before proceeding. However, with the right updates and renovations, this house for sale in Kingston holds significant promise for strong cash flow potential.

In conclusion, 139 Drennan Street, Kingston, is not just a house; it is an opportunity waiting to be seized. Whether you are looking to renovate and flip or renovate and hold, this property offers a wealth of possibilities. Don’t miss out on this chance to invest in a property with great potential in a thriving community. The house for sale in Kingston is ready for its next chapter—will you be the one to write it?

Rideau is a charming residential neighbourhood nestled within the vibrant city of Kingston, Ontario. Known for its picturesque tree-lined streets and well-maintained parks, Rideau offers a tranquil yet connected living environment. The area boasts a mix of modern amenities and local shops, providing residents with convenient access to everyday necessities. With its proximity to the stunning Rideau Canal and various recreational opportunities, including walking and cycling paths, Rideau is ideal for those who appreciate outdoor activities. The community's friendly atmosphere, combined with its rich history and diverse population, makes it an inviting place to call home.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is John Graves Simcoe Public School, just 0.2 km away, offering English instruction for grades JK to 8 under the Limestone District School Board. Another nearby option is St. Francis of Assisi Catholic School, located only 0.1 km from the property, providing Catholic education in English for grades K to 8. For secondary education, Kingston Secondary School is 1.4 km away, catering to grades 9 to 12 in both English and French, though it currently has a lower school rating. Additionally, Regiopolis Notre Dame Catholic High School, also 2.0 km from the property, offers a solid Catholic education for grades 9 to 12 with a rating of 6.2. Other schools in the vicinity include Rideau Public School and Sydenham Public School, which provide French language instruction for elementary grades. Overall, the area boasts a mix of public and Catholic schools, ensuring a variety of educational options for children of all ages.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small population of 687 residents, with an average household size of 2.6 individuals. The community is relatively young, with an average age of 27.4 years. Economic indicators show that the average household income stands at $49,200, and a significant portion of the population, approximately 47.6%, is classified as low-income. The housing market reflects an average property price of $320,000, and a striking 89.8% of residents are renters, indicating a high demand for rental properties. The area has a predominantly single demographic, with 73.03% of individuals identifying as single, and only 25% of households include children. Educational attainment is moderate, with 26.44% of the population holding a college or university degree. Additionally, the immigrant population is relatively low at 1.57%, and a significant 59.77% of residents are not in the labor force. This demographic snapshot highlights a youthful, predominantly rental community with economic challenges and a focus on single living arrangements.