Randy Beck - at your Beck and call
randy@randybeck.ca
613.541.9221
him
MLS®: 40554248 Status: For sale

View all photos on one page  Print a Feature Sheet for this Listing  Request More Information about this Listing 


RE/MAX Finest Realty, Brokerage - Kingston

Randy Beck
Sales Representative

Email Me

Telephone:
613.389.7777

Cellular:
613.541.9221


Payment Calculator
Price: ($)
Down Payment:
Rate:
 (%)
Amortization:
 (Years)
Frequency:
( * = Accelerated )
 
Down Payment:
 
Mortgage Payment:
 
All calculations for informational purposes only, and should be verified.
$5,750,000
Location:

335-339 BARRIE Street, Kingston Ontario, K7K2S9
335-339 BARRIE Street, Kingston Ontario
Description:
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:2471)
Property:
Type: Multi-family
Acreage: under 1/2 acre
Sewer: Municipal sewage systemWater: Municipal water
Access: Road access
Parking Type: Attached Garage, Covered
Structure:
Square Footage: 10883
Bedrooms: 18Bathrooms: 12
Heating: Baseboard heaters, Forced air
Cooling Type: Central air conditioning
Exterior: Brick Veneer, Other, Shingles
Foundation Type: Poured Concrete
Features:
Automatic Garage Door Opener     
View all photos on one page

335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
335-339 BARRIE Street, Kingston Ontario
 
335-339 BARRIE Street, Kingston Ontario

Listing Office: Sutton Group-Masters Realty Inc Brokerage

MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.

Go Back

The above information is believed to be accurate but is not warranted.
This website is operated by a brokerage or salesperson who is a member of The Canadian Real Estate Association. The out of province listing content on this website is not intended to solicit a trade in real estate. Any consumers interested in out of province listings must contact a person who is licensed to trade in real estate in that province.The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademark DDF® is also owned by CREA and identifies CREA's Data Distribution Facility (DDF®). The listing content on this website is protected by copyright and other laws, and is intended solely for the private, non-commercial use by individuals. Any other reproduction, distribution or use of the content, in whole or in part, is specifically forbidden. The prohibited uses include commercial use, "screen scraping", "database scraping", and any other activity intended to collect, store, reorganize or manipulate data on the pages produced by or displayed on this website.
**Broker *Sales Representative
Finest Realty Inc, Brokerage, 1329 Gardiners Road, Kingston ON, K7P 0L8
Independently Owned And Operated