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280-282 Sydenham Street, Kingston, Ontario K7K 3M6 (27139510)


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280-282 Sydenham Street Kingston, Ontario K7K 3M6

11 Bedroom 7 Bathroom 4230 sqft

$1,499,900

Exceptional 7- Unit Investment Opportunity in the heart of Downtown Kingston, spanning both sides of the building. This is not your typical investment property. This place is Beautiful with high ceilings in most the units, balconies or patios off of 6 of the 7 units, and plenty of cosmetic updates making it very easy to rent. Lots of upside potential to increase rents as tenants turn over. All units separately metered. Including an approximate $10,000 in extra income potential that could be charged per year by renting the parking lot and 2 car garage out (built in 2010). Coin Laundry in the basement for tenants convenience as well as storage lockers for each unit. You don’t see properties this nice with such great rental potential come up too often. Projected to operate at around $86,000 NOI after rental increases in January with a potential upside fair market value of $140,000 NOI in relatively short order with tenant turnover and should you choose to optimize with parking/garage income. Email, text or call agent for more information. (id:25832)

Property Details

MLS® Number 40617038
Property Type Multi-family
AmenitiesNearBy Hospital, Park, Playground, Public Transit, Schools
CommunityFeatures Community Centre
EquipmentType Water Heater
Features Crushed Stone Driveway, Laundry- Coin Operated
ParkingSpaceTotal 9
RentalEquipmentType Water Heater
Structure Porch

Building

BathroomTotal 7
BedroomsTotal 11
BasementDevelopment Unfinished
BasementType Full (unfinished)
ExteriorFinish Brick, Stone
FoundationType Stone
HeatingFuel Electric, Natural Gas
StoriesTotal 3
SizeInterior 4230 Sqft
UtilityWater Municipal Water

Parking

Detached Garage

Land

Acreage No
LandAmenities Hospital, Park, Playground, Public Transit, Schools
Sewer Septic System
SizeDepth 136 Ft
SizeFrontage 48 Ft
SizeIrregular 0.177
SizeTotal 0.177 Ac|under 1/2 Acre
SizeTotalText 0.177 Ac|under 1/2 Acre
ZoningDescription Ur5

https://www.realtor.ca/real-estate/27139510/280-282-sydenham-street-kingston

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Jason Barbosa
Salesperson


RE/MAX Rise Executives, Brokerage
110-623 Fortune Cres
Kingston, Ontario K7P 0L5

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Peggy Cruickshank | REMAX Agent

peggy cruickshank kingston real estate
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A portion of every commission is gifted to my family's favourite charity -- the Children's Charity Network.