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335-339 Barrie Street Kingston, Ontario K7K 2S9

18 Bedroom 12 Bathroom 10883
Central Air Conditioning Baseboard Heaters, Forced Air

$5,750,000

Rare opportunity to acquire a purpose-built student rental property in a prime downtown location in Kingston, Ontario. The subject property features 12 residential units, comprising (6) 2-bed units and (6) 1+1-bed units, along with (1) ground floor commercial unit, which is leased on a triple-net basis to a well-established yoga studio until 2029. Conveniently situated 600m from Queen's University's main campus, the 12 residential units are currently occupied by Queen's University students which provide the opportunity to adjust rents to market upon natural turnover. Built in 2009, the property offers contemporary construction, curb appeal, while simultaneously providing a new owner with a potential value enhancement opportunity through cosmetic updates to the residential units. Gross annual income of approximately $381,000 CAD. The assumable CMHC mortgage secured at well-below prevailing interest rates until 2028 provides a prospective purchaser the opportunity to acquire this building today, at yesterday's rates. (id:33706)

Property Details

MLS® Number 40554248
Property Type Multi-family
Amenities Near By Park, Public Transit, Schools, Shopping
Features Automatic Garage Door Opener
Parking Space Total 7

Building

Bathroom Total 12
Bedrooms Total 18
Appliances Microwave, Microwave Built-in, Window Coverings, Garage Door Opener
Basement Type None
Cooling Type Central Air Conditioning
Exterior Finish Brick Veneer, Other, Shingles
Foundation Type Poured Concrete
Heating Type Baseboard Heaters, Forced Air
Stories Total 3
Size Interior 10883
Utility Water Municipal Water

Parking

Attached Garage
Covered

Land

Access Type Road Access
Acreage No
Land Amenities Park, Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 66 Ft
Size Frontage 74 Ft
Size Total Text Under 1/2 Acre
Zoning Description C1-27

https://www.realtor.ca/real-estate/26622603/335-339-barrie-street-kingston

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Peter Sauerbrei
Salesperson

(613) 212-5234

Sutton Group-Masters Realty Inc Brokerage
1650 Bath Rd
Kingston, Ontario K7M 4X6

(613) 384-5500
www.suttonkingston.com/

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