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691 Montreal Street Kingston, Ontario K7K 3J3

11 Bedroom 4 Bathroom 2950
None

$599,900

Attention Investors, I rare opportunity to purchase a 4 unit building (11 bedrooms total) for under 600,000 in the Kingston downtown area. This property consists of 3 – 3 bedroom units and one 2 bedroom unit with great income potential. Currently unit 1 – main level 3 bedroom and unit 2 – a 3 level, 3 bedroom are vacant giving the new owner the opportunity to update and set the rents to todays rental market value. Unit 3 – is a large 3 bedroom unit on the top floor with good month-to-month tenants paying $1200.00 per month. Unit 4 – is a 2-bedroom unit in the basement with walkout access to the back cement patio. This unit is currently rented to a good month-to-month tenant for $800.00 per month. All units pay their own heat and hydro (electric heat). Owner pays the water/sewer about $300.00 per month. The building has parking for 5 at the front. This property will require some TLC to maximum the rental potential and give the new owner a solid investment. (id:33706)

Property Details

MLS® Number 40481612
Property Type Multi-family
Parking Space Total 5

Building

Bathroom Total 4
Bedrooms Total 11
Basement Development Partially Finished
Basement Type Full (partially Finished)
Cooling Type None
Exterior Finish Brick, Stucco
Foundation Type Poured Concrete
Heating Fuel Electric
Stories Total 2
Size Interior 2950
Type Fourplex
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 92 Ft
Size Frontage 35 Ft
Size Total Text Under 1/2 Acre
Zoning Description 3a-residential

https://www.realtor.ca/real-estate/26044080/691-montreal-street-kingston

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Charlie Rix
Salesperson

(613) 453-5262
www.listingskingston.com/

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

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

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