422 Barrie Street

Introducing a remarkable opportunity: a Multi-Family Home for sale in Kingston , located at 422 Barrie Street, Kingston. This impressive 9-unit apartment building is situated in a prime location, just a stone's throw from McBurney Park, Queen's University, and the vibrant downtown core of Kingston. The property is nestled within the community of 22 - East of Sir John A. Blvd in the Frontenac area, making it an ideal investment for those seeking a stable and well-maintained asset.

The building itself is a two-storey multiplex constructed from durable brick, ensuring both aesthetic appeal and longevity. With a total of 39 rooms, including an impressive 12 bedrooms and 9 bathrooms, this Multi-Family Home for sale in Kingston is designed to accommodate a variety of tenants. The current owner has meticulously curated a tenant mix that predominantly consists of young professionals, fostering a vibrant community atmosphere. Notably, 8 out of the 9 units have been thoughtfully renovated, enhancing their appeal and functionality.

As you explore the property, you will find that it comprises three 2-bedroom units and six 1-bedroom units, providing a balanced selection of living spaces to meet diverse needs. The absence of a den and family room may be noted; however, the layout maximises the use of space, ensuring each unit is both comfortable and practical. The kitchens, numbering nine in total, are well-equipped to cater to the needs of the residents, while the bathrooms, with a total of 9, offer convenience and privacy.

The property does not feature air conditioning or a central vacuum system, but it does boast a full basement, which could serve as additional storage or potential for future development. The heating is provided by a baseboard system, ensuring warmth during the colder months. Water is supplied via the municipal system, and the sewer is also connected to the municipal network, adding to the convenience of living in this well-situated property.

Parking is plentiful, with space for up to 10 vehicles available on the driveway, making it easy for tenants and their guests. While there is no garage space, the ample parking facilities are a significant advantage in a bustling area such as Kingston. Additionally, the property does not include a pool or fireplace, but the focus on the living spaces and the location more than compensates for these features.

As a Multi-Family Home for sale in Kingston, this property represents a well-capitalised investment opportunity with a strong annual net operating income (NOI). The careful management and upkeep by the current owner have ensured that the building remains a stable asset, offering long-term growth potential through tenant turnover. The strategic location near key amenities and institutions, such as Queen's University, further enhances its desirability.

In conclusion, 422 Barrie Street, Kingston, presents an exceptional opportunity for investors looking to acquire a Multi-Family Home for sale in Kingston. With its well-maintained structure, attractive tenant mix, and prime location, this property is poised to deliver both immediate returns and long-term value. Don’t miss the chance to explore this fantastic investment opportunity in the heart of Kingston’s thriving community. Whether you are an experienced investor or new to the property market, this Multi-Family Home for sale in Kingston is certainly worth considering.

The area east of Sir John A. Boulevard in Kingston is a charming and well-established neighbourhood that offers a blend of suburban tranquillity and convenient access to urban amenities. Characterised by its tree-lined streets and a mix of residential properties, this community is ideal for families and professionals alike. Residents benefit from proximity to local parks, schools, and shopping centres, while the nearby waterfront provides opportunities for leisure and recreation. With a strong sense of local identity and a welcoming atmosphere, this part of Kingston is perfect for those seeking a balanced lifestyle in a vibrant city.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Central Public School, just 0.4 km away, offering elementary education from JK to grade 8, with a commendable rating of 4.4. Additionally, Sydenham Public School, located 0.8 km away, provides French language instruction for grades JK to 8 and boasts a higher rating of 6.9. For secondary education, Regiopolis Notre Dame Catholic High School is only 0.9 km from the property, offering grades 9 to 12 in both English and French, with a solid rating of 6.2. Kingston Secondary School, situated 2.1 km away, serves grades 9 to 12 but currently holds a rating of 0. For those seeking a Catholic education, St. Thomas More Catholic School is 2.7 km away, catering to grades K to 8 with a rating of 4.5. Overall, the area offers a diverse range of schooling options in both English and French, ensuring quality education is easily accessible for children of all ages.