Randy Beck - at your Beck and call
randy@randybeck.ca
613.541.9221
him
MLS®: X12703412 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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$2,375,000
Location:

48 STEPHEN STREET, Kingston (East of Sir John A. Blvd) Ontario, K7K2C3
48 STEPHEN STREET, Kingston (East of Sir John A. Blvd) Ontario
Description:
Well-located 12-unit apartment building in Kingston's highly sought-after Inner Harbour District. The property generates a current NOI of $106,803 and is approximately 21% under-rented across the building, offering immediate and measurable upside through rent optimization. The building is in good overall condition, with several capital improvements already completed. Rents are inclusive, with landlord-paid utilities, creating potential for future expense optimization. On-site parking enhances tenant appeal and long-term stability. This asset qualifies for CMHC MLI-Select-style financing, making it an attractive opportunity for investors seeking leverage, income growth, and a strong downtown location with limited multi-residential supply. Full financials, rent roll, and supporting documentation are available in the data room. Serious buyers are encouraged to review the materials to fully understand the income upside and financing potential. (id:2471)
Property:
Type: Multi-family
Lot Dimensions: 57.72 x 141.18 FTAcreage: 57.72 x 141.18 FT
Sewer: Sanitary sewerWater: Municipal water
Structure:
Style: Multi-FamilySquare Footage: 10000 sqft
Heating: Hot water radiator heat, Radiator
Heating Type: Natural gas
Cooling Type: None
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48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
48 STEPHEN STREET, Kingston (East Of Sir John A. Blvd) Ontario
 
48 STEPHEN STREET, Kingston (East of Sir John A. Blvd) Ontario

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