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423 Palace Road Kingston, Ontario K7L 4T5

5 Bedroom 3 Bathroom 2000
2 Level Central Air Conditioning Forced Air


This property checks all the boxes. Are you a parent looking to house your son or daughter at Queens—want to have it paid for? Then this property is for you. Or are you a savvy investor that just wants great returns and a solid investment—we have you covered! Don't be deceived by its modest exterior—423 Palace Road is a fully furnished, turn-key, high performing investment. This property is larger than it looks due to a large addition at the rear. Discover 423 Palace Road—an exceptional, well-maintained legal 3-unit property in the heart of the City. With two 2-bedroom units, one 1-bedroom unit, and close proximity to Queen's University, hospitals, and public transit, it appeals to mature tenants and professionals. Standout features include a 100-gallon owned solar hot water heater, energy-efficient vinyl windows, and upgraded insulation for reduced operational costs. Offering an attractive income stream and with a sought after short-term rental rating, it's ideal for long-term tenants and Airbnb ventures. Don't miss this opportunity with a 7.07% CAP Rate, a projected 6.71% ROI. and with 0% vacancy and fully leased until 2025. (id:33706)

Property Details

MLS® Number 40572559
Property Type Single Family
Parking Space Total 4


Bathroom Total 3
Bedrooms Above Ground 3
Bedrooms Below Ground 2
Bedrooms Total 5
Appliances Dishwasher, Dryer, Refrigerator, Stove, Washer, Microwave Built-in
Architectural Style 2 Level
Basement Development Finished
Basement Type Full (finished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Vinyl Siding
Fire Protection Smoke Detectors
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2000
Type House
Utility Water Municipal Water


Access Type Road Access
Acreage No
Sewer Municipal Sewage System
Size Depth 135 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description Ur5


Second Level 4pc Bathroom Measurements not available
Second Level Kitchen/dining Room 11'8'' x 13'9''
Second Level Living Room 11'5'' x 16'4''
Second Level Bedroom 11'4'' x 16'4''
Lower Level Foyer 7'4'' x 9'6''
Lower Level Laundry Room 5'6'' x 8'6''
Lower Level 4pc Bathroom 5'4'' x 6'8''
Lower Level Kitchen 10'10'' x 10'1''
Lower Level Living Room 13'9'' x 14'0''
Lower Level Bedroom 11'2'' x 19'4''
Lower Level Bedroom 13'2'' x 9'2''
Main Level 4pc Bathroom Measurements not available
Main Level Dining Room 1'9'' x 15'4''
Main Level Living Room 14'8'' x 10'8''
Main Level Kitchen 11'5'' x 9'10''
Main Level Bedroom 15'0'' x 11'1''
Main Level Bedroom 11'7'' x 19'10''


Contact us for more information

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Luca Andolfatto

(613) 541-9220

RE/MAX Service First Realty Inc, Brokerage
821 Blackburn Mews
Kingston, Ontario K7P 2N6

(613) 766-7650

Nick Kirkpatrick

(613) 329-8290

RE/MAX Service First Realty Inc, Brokerage
821 Blackburn Mews
Kingston, Ontario K7P 2N6

(613) 766-7650

Drew Mayhew

(613) 929-3739

RE/MAX Service First Realty Inc, Brokerage
821 Blackburn Mews
Kingston, Ontario K7P 2N6

(613) 766-7650

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