31 Montgomery Boulevard

Nestled in the heart of Kingston, at 31 Montgomery Boulevard, this solid multi-family home for sale in Kingston is a fantastic investment opportunity that you won't want to miss. This impressive bungalow-style multiplex boasts a substantial layout, featuring a total of 28 rooms, including a remarkable 10 bedrooms and 6 bathrooms. With a generous lot size of 70 x 150 feet, this property offers ample space for comfortable living, making it an ideal choice for those looking to invest in a thriving rental market.

The location of 31 Montgomery Boulevard, Kingston, is simply unbeatable. Situated in the prestigious Reddendale neighbourhood, this multi-family home for sale in Kingston benefits from immediate access to public transport, ensuring that residents can easily navigate the city. Just a stone's throw away, you'll find beautiful parks, scenic walking trails, and the stunning Lake Ontario waterfront, perfect for leisurely strolls or family outings. The community here is vibrant and welcoming, providing a great environment for both families and individuals alike.

Currently, this multi-family home for sale in Kingston generates an impressive annual gross income of $107,336.64, with potential for increased revenue through tenant turnover. The building has been efficiently configured to maximise space and functionality, featuring a durable brick exterior and a metal roof that adds to its longevity. While the property does not come with central air conditioning or a pool, it is electrically heated with a baseboard heating system, which helps to reduce maintenance and operational complexities.

At 31 Montgomery Boulevard, Kingston, you will find that each of the six kitchens is well-equipped, catering to the needs of the tenants. Although there is no additional kitchen or family room, the layout is designed to ensure that each unit feels spacious and inviting. The absence of a den and central vacuum system does not detract from the overall appeal of this multi-family home for sale in Kingston, as the focus is on providing a comfortable living experience for its residents.

One of the standout features of this property is the basement apartment, which adds an extra layer of versatility to the investment. This additional living space can serve as a separate rental unit, further enhancing the income potential of 31 Montgomery Boulevard, Kingston. With no garage space or driveway, the property still offers ample parking for up to six vehicles, making it convenient for both tenants and guests.

The community surrounding 31 Montgomery Boulevard, Kingston, is known for its stability and low vacancy rates, making this multi-family home for sale in Kingston an excellent opportunity for investors. With strong rental demand in the area, this property is perfectly positioned for those looking to enter the rental market or expand their existing portfolio. The current management by Axon Property Management ensures that the property is well-maintained and professionally overseen, allowing for a hassle-free investment experience.

In conclusion, if you're on the lookout for a solid investment in a prime location, look no further than this multi-family home for sale in Kingston. With its impressive income potential, spacious layout, and unbeatable location at 31 Montgomery Boulevard, Kingston, this property truly represents a golden opportunity for savvy investors. Don't miss your chance to secure a piece of this thriving community and enjoy the benefits of owning a well-positioned rental property in one of Kingston's most desirable residential corridors.

City SouthWest, located in Kingston, is a vibrant and diverse geographic area that offers a unique blend of urban living and natural beauty. This community is characterised by its picturesque parks, charming residential streets, and a lively atmosphere, making it an attractive place for families and young professionals alike. With convenient access to local amenities, including shops, cafes, and schools, as well as excellent transport links to central Kingston and beyond, City SouthWest provides a perfect balance of convenience and community spirit. The area's rich cultural heritage is reflected in its architecture and local events, fostering a welcoming environment for new residents to feel at home.

Schools in the Neighbourhood

This property is conveniently located near several reputable schools, making it an excellent choice for families. The closest option is R Gordon Sinclair Memorial Public School, just 0.3 km away, offering an English-language curriculum for grades JK to 8, with a solid school rating of 7.7. Another nearby elementary school is Our Lady of Lourdes Catholic School, located 0.6 km from the property, providing a Catholic education for grades K to 8, although it has a lower rating of 4.9. For older students, Frontenac Secondary School, situated 2.6 km away, caters to grades 9 to 12 and offers both English and French programs, with a school rating of 6.3. Additionally, James R Henderson Public School, located 1.7 km from the property, serves grades JK to 6 with a French-language curriculum, though it has a lower rating of 5.4. Overall, the area boasts a mix of educational options across different school types and languages, ensuring that families have access to quality education within a short distance from home.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 469 residents, with an average household size of 2.4. The demographic profile reveals an average age of 40.9 years, indicating a mature community. The average household income stands at $88,000, with a low-income rate of 8.8%, suggesting a relatively stable economic environment. The average property price in the area is $490,000, reflecting the local real estate market dynamics. Socially, 39.47% of the population is single, while 44.44% of households include children, highlighting a family-friendly atmosphere. The community is diverse, with 6.82% of residents being immigrants. Renters make up 18.42% of the population, although there are no condominiums in the area. Education is highly valued, as evidenced by the 63.89% of residents holding a college or university degree. However, a notable 38.89% of the population is not in the labor force, which may indicate a mix of retirees, students, or those engaged in other pursuits. Overall, this demographic snapshot portrays a well-educated, economically stable community with a balance of families and singles.