717 King Street W

Introducing a remarkable investment opportunity: a Multi-Family Home for sale in Kingston , located at 717 King Street W, Kingston. This impressive multiplex, situated on an oversized lot measuring 75 x 164 feet, is fully rented and offers an exceptional cash flow. The property boasts a total of 16 bedrooms and 7 bathrooms, making it an ideal choice for investors seeking a stable rental income in a prime location.

The property features three well-appointed kitchens, each serving the distinct units within this two-storey building. The first unit, which was renovated in 2021 and further updated in 2023, showcases a modern kitchen and includes 8 spacious bedrooms, a comfortable living room, and a dedicated laundry area. This unit is equipped with 4 bathrooms, updated windows and doors, and stylish laminate flooring throughout. The large concrete patio provides an excellent outdoor space for tenants to enjoy, enhancing the overall appeal of this Multi-Family Home for sale in Kingston.

In addition to the first unit, the rear addition, constructed in 2014, comprises two separate units. The first of these units features 6 bedrooms, a living room, a kitchen, and 2 full bathrooms with separate dry and wet areas. This thoughtful layout not only maximises space but also meets the strong demand from tenants seeking comfortable living arrangements. The second unit, located in the basement, includes 2 bedrooms, 1 bathroom, and an open-concept kitchen and living area, further contributing to the property's rental yield.

This Multi-Family Home for sale in Kingston is ideally located just a short walk from Queen's University and St. Lawrence College, making it a highly desirable option for students and faculty alike. The proximity to waterfront trails, fast food options, and convenient transit access at the doorstep adds to the attractiveness of this property. With central air conditioning and municipal water and sewer services, the building is well-equipped to provide a comfortable living environment for its tenants.

Despite its many features, it is important to note that this property does not include a family room, central vacuum system, or garage space. However, it does offer ample parking with space for up to 10 vehicles, ensuring that tenants have convenient access to their homes. The exterior of the building is clad in durable vinyl siding, providing a low-maintenance solution that is both practical and aesthetically pleasing.

Investors will appreciate the potential for high cash flow from this fully rented triplex, with a total of 28 rooms available for occupancy. The combination of a strong rental market and the property's excellent location makes this Multi-Family Home for sale in Kingston an opportunity not to be missed.

Whether you are an experienced investor or looking to enter the property market, 717 King Street W, Kingston, offers an unparalleled opportunity to acquire a well-maintained income property in a thriving community. With its extensive features and strategic location, this property is poised to deliver consistent returns for years to come. Don't hesitate to explore this unique investment opportunity—contact us today to learn more about this exceptional Multi-Family Home for sale in Kingston.

Central City West in Kingston is a vibrant and dynamic area characterised by its blend of urban convenience and green spaces. Nestled close to the bustling town centre, this community boasts a variety of amenities, including shops, cafes, and recreational facilities, all within easy reach. The area is well-connected by public transport, making it simple to explore the wider Kingston region and beyond. Residents can enjoy picturesque parks and riverside walks, offering a perfect balance of city life and nature. With a diverse population and a strong sense of local identity, Central City West is an inviting place to call home for those seeking a lively yet relaxed atmosphere.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to a range of grade levels and language preferences. Within a 2.7 km radius, there are four elementary schools, including Centennial Public School (1.2 km) and Polson Park Public School (1.7 km), both offering English and French language programs for grades JK to 6. For older students, Calvin Park Public School (1.9 km) serves grades 7 to 8, while Loyalist Collegiate and Vocational Institute (1.9 km) provides secondary education for grades 9 to 12, boasting a commendable school rating of 4.1. Additionally, Sydenham Public School (2.6 km) offers a French program up to grade 8, with a strong rating of 6.9. For Catholic education, St. Thomas More Catholic School (1.5 km) offers an English program for K to 8, rated 4.5, while Regiopolis Notre Dame Catholic High School (3.3 km) serves grades 9 to 12 in both English and French, with a solid rating of 6.2. Overall, the area provides a diverse selection of quality educational options, making it an attractive choice for families.

Key Statistics of the Neighbourhood

The demographic profile of the area surrounding the property reveals a small community with a population of 350 residents. The average household consists of two individuals, with a median age of 43 years. The community enjoys a relatively high average household income of $84,000, although 13.6% of the population is classified as low-income. The average property price in the area is $460,000, reflecting the local real estate market's dynamics. A significant portion of the population, 60.32%, is single, while 26.67% of households include children, indicating a diverse family structure. The area is home to 14.04% immigrants, contributing to its cultural richness. Additionally, 46.67% of residents are renters, with only 10% living in condominiums. Education levels are notably high, with 64.81% of the population holding a college or university degree. However, a considerable 35.19% of residents are not in the labor force, which may impact local economic activity. Overall, this community presents a blend of demographic characteristics that could appeal to various potential buyers and investors.