78 Carruthers Avenue

Nestled in the heart of Kingston, at 78 Carruthers Avenue, this fabulous investment opportunity presents a beautifully maintained and updated multiplex that is ideal for those looking to expand their property portfolio. This Multi-Family Home for sale in Kingston is situated just a stone's throw from the vibrant downtown core, making it an attractive option for potential tenants seeking convenience and accessibility. With Queen's University and Kingston General Hospital (KGH) nearby, the location is simply unbeatable.

The property boasts a generous layout across two storeys, featuring a total of 11 rooms, including six spacious bedrooms and four bathrooms, making it perfect for families or groups of students. The first unit is particularly impressive, comprising four bedrooms and two bathrooms, complete with built-in appliances and in-suite laundry facilities. This unit is air-conditioned, ensuring comfort during the warmer months, and is currently rented out for a substantial £3,325 per month, all-inclusive. This makes the Multi-Family Home for sale in Kingston a lucrative investment opportunity, as the rental income is quite promising.

Moving on to the second unit, it offers two well-sized bedrooms and one bathroom, currently rented for £1,795 per month, all-inclusive. This unit is ideal for small families or professionals seeking a comfortable living space in a prime location. The third and final unit features one bedroom and one bathroom, rented for £1,595 per month, all-inclusive. With such a diverse range of living arrangements, this Multi-Family Home for sale in Kingston is sure to attract a variety of tenants, ensuring a steady stream of income for the savvy investor.

One of the standout features of this property is the on-site laundry facilities, which add convenience for all tenants. Additionally, parking is available, with three spaces provided on a private triple driveway. Currently, one spot is available for use while two spots are rented out at £75 per month, further enhancing the income potential of this investment. However, it’s worth noting that there is no garage space available, which may be a consideration for prospective buyers.

The exterior of the building is clad in a combination of aluminium siding and brick, giving it a modern yet classic appearance. The lot measures 51 by 99 feet, providing ample outdoor space without the burden of additional land. The property is connected to municipal water and sewer services, ensuring hassle-free living for tenants. The heating system is forced air, and while there is no central vacuum system or family room, the layout of the home is functional and well thought out.

As an unfurnished property, this Multi-Family Home for sale in Kingston offers new owners the flexibility to furnish and decorate each unit to their liking, appealing to a wide range of tenants. Although there is no swimming pool or fireplace, the property’s central air conditioning and the overall spaciousness of the units make it a desirable option for renters.

The basement is fully functional and partially finished, offering additional storage or potential for further development. With the growing demand for rental properties in Kingston, this investment opportunity at 78 Carruthers Avenue, Kingston, is not to be missed. Whether you’re a seasoned investor or looking to make your first foray into real estate, this Multi-Family Home for sale in Kingston is an exceptional choice that promises to deliver both immediate returns and long-term value. Don't hesitate to explore this wonderful piece of Kingston real estate and add it to your growing investment portfolio!

Central City East, located in the vibrant city of Kingston, offers a unique blend of urban living and local charm. This geographic area is characterised by its diverse architecture, ranging from historic buildings to modern developments, creating a visually appealing streetscape. Residents enjoy easy access to a variety of amenities, including shops, cafes, and parks, all within a short walking distance. The community is well-connected by public transport, making it convenient for commuting to other parts of Kingston and beyond. With a lively atmosphere and a rich cultural scene, Central City East is an inviting place for those seeking a dynamic urban lifestyle while still feeling a sense of neighbourhood.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, catering to various age groups and educational preferences. Within a short distance, you will find Winston Churchill Public School (0.9 km), an elementary school with a solid rating of 6.4, and Rideau Public School (0.4 km), which offers French language instruction and has an impressive rating of 7.1. For older students, Calvin Park Public School (1.0 km) and Loyalist Collegiate and Vocational Institute (1.0 km) provide education for grades 7-12, though the latter has a lower rating of 4.1. Additionally, Sydenham Public School (1.7 km) and Kingston Secondary School (2.1 km) are available for further educational needs. For those seeking a Catholic education, St. Thomas More Catholic School (1.1 km) offers grades K-8 with a rating of 4.5, while Regiopolis Notre Dame Catholic High School (1.6 km) provides secondary education with a rating of 6.2. Overall, the area boasts a diverse range of public and Catholic schools, ensuring that families have access to quality education in both English and French.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 505 residents, with an average household size of 1.9 individuals. The demographic profile indicates a mature community, with an average age of 41.3 years. The average household income stands at $74,000, although 15.8% of the population is classified as low-income. The housing market reflects an average property price of $510,000, with a significant proportion of the community being renters, comprising 62.26% of households. Notably, 52.75% of residents are single, while 34.78% live in households with children. The area is also characterized by a diverse educational background, with 65.52% of the population holding a college or university degree. Immigrants make up 11.34% of the community, contributing to its cultural richness. Additionally, 17.24% of residents are not in the labor force, indicating a mix of employment statuses. The absence of condominiums suggests a focus on other housing types, which may appeal to potential buyers or renters looking for different living arrangements in this vibrant community.