Randy Beck - at your Beck and call
randy@randybeck.ca
613.541.9221
him
MLS®: X12575588 Status: For sale

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RE/MAX Finest Realty, Brokerage - Kingston

Randy Beck
Sales Representative

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Telephone:
613.389.7777

Cellular:
613.541.9221


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$5,300,000
Location:

297 HELEN STREET, Kingston (Central City East) Ontario, K7L4P6
297 HELEN STREET, Kingston (Central City East) Ontario
Description:
Two 14-unit apartment buildings on one parcel in a prime downtown Kingston location. Strong in-place cash flow with below-market rents and a clear value-add trajectory. The property generates a current NOI of $216,006 annually (reflecting the in-progress unit turnover). All units have independent hydro service. The asset is also well-positioned for CMHC MLI Select financing, providing investors the opportunity to enhance leverage and maximize long-term returns .Full financials, rent roll, environmental reports, survey, floorplans, and photos are available through the secure data room. (id:2471)
Property:
Type: Multi-family
Lot Dimensions: 92.03 x 242.31 FTAcreage: 92.03 x 242.31 FT
Water: Municipal water
Structure:
Style: Multi-FamilySquare Footage: 29405 sqft
Heating: Hot water radiator heat
Heating Type: Natural gas
Cooling Type: None
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297 HELEN STREET, Kingston (Central City East) Ontario
297 HELEN STREET, Kingston (Central City East) Ontario
297 HELEN STREET, Kingston (Central City East) Ontario
297 HELEN STREET, Kingston (Central City East) Ontario
297 HELEN STREET, Kingston (Central City East) Ontario
 
297 HELEN STREET, Kingston (Central City East) Ontario

Listing Office: RE/MAX RISE EXECUTIVES, BROKERAGE

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**Broker *Sales Representative
Finest Realty Inc, Brokerage, 1329 Gardiners Road, Kingston ON, K7P 0L8
Independently Owned And Operated