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291 Helen Street, Kingston, Ontario K7L 4P6 (26191007)


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291 Helen Street Kingston, Ontario K7L 4P6

7 Bedroom 3 Bathroom 1882.7500
None Baseboard Heaters

$749,900

Quality investment property in a fantastic location near Queen's University and St Lawrence College. This triplex is fully rented to excellent tenants who all pay their own utilities as each unit is separately metered. Units consist of 1- 3 bedroom unit and 2- 2 bedroom units. The property is rented as follows: 3 bedroom for $1600 per month with built in rental increases for the next two years of $1650 then $1700. 1-2 bedroom unit rented for $1600 per month. 1- 2 bedroom unit rented for $1750 - brand new tenant just moved in Oct 23. Bonus coin washing machine in the basement for additional income and a massive parking area behind the property that could also be used to bring in more income if you charged for parking. The building has been very well maintained. The shingles, windows and attic insulation were updated in 2012. Lower level floors done in the last two years. One of the very few investment properties listed that is operating at over 7% cap rate and has a lot of room to easily increase the rents and income down the road. This is an excellent investment opportunity! (id:25832)

Property Details

MLS® Number 40502363
Property Type Multi-family
Features Crushed Stone Driveway, Laundry- Coin Operated
Parking Space Total 5

Building

Bathroom Total 3
Bedrooms Total 7
Basement Development Finished
Basement Type Full (finished)
Cooling Type None
Exterior Finish Aluminum Siding, Vinyl Siding
Heating Type Baseboard Heaters
Stories Total 2
Size Interior 1882.7500
Type Triplex
Utility Water Municipal Water

Land

Acreage No
Sewer Municipal Sewage System
Size Depth 120 Ft
Size Frontage 40 Ft
Size Total Text Under 1/2 Acre
Zoning Description Urm6

https://www.realtor.ca/real-estate/26191007/291-helen-street-kingston

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Jason Barbosa
Salesperson

(613) 888-6567
https://www.remaxrise.com/

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

(613) 546-4208
https://www.remaxrise.com/

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Peggy Cruickshank | REMAX Agent

peggy cruickshank kingston real estate
Cheo Foundation

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