442-444 Montreal Street, Kingston | Image 1

442-444 Montreal Street

Kingston

  • Commercial

$550,000
For Sale

Added 2 months ago

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  • Type: Investment

  • Property Type: Commercial

  • Zoning: A

  • Age: No Data

  • Taxes: 5647

  • MLS®#: X9005222

  • Added: Jul 02, 2024 (2 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: MYSAK REALTY INC.

Approx. going-in cap rate of 6.2% @ $137k/unit. 4x 1-bedroom units, approx. 700 sqft each. An add-value investors ideal next project. Approx. 31% lift on overall rent roll once stabilized. Hydro is separately metered; however, the landlord currently pays - opportunity to pass this expense to tenants in the future to decrease overall expenses and increase NOI. Steel Roof (2014) , Furnace (2021). 3 Parking spots.

Property

  • Status: Sale

  • Property Type: Investment

  • Property Type: Apartment

  • Area: Kingston

  • Availability Date: TBA

Inside

  • Bathrooms: 4

  • Air Conditioning: N

  • Washrooms: 4

Utilities

  • Utilities: Yes

Building

  • Heat Type: Elec Forced Air

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

  • Covered Parking Spaces: 4

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT FARM LT 1 CON WEST GREAT CATARAQUI RIVER, PTS 1-4, 13R2781; S

  • Taxes: $5,647

  • Expenses: Est

  • Insurance Fee: 1987

  • Hydro Expense: 2414

  • Heat Expenses: 3106

  • Taxes Type: Annual

  • Taxes: 5647

  • Tax Year: 2024

  • Water Fees: 6427

Land

  • Cross Street: Montreal St. & Thoma

  • Municipality District: Kingston

  • Lot Depth: 105.04 Feet

  • Lot Frontage: 56.08 Feet

  • Zoning: A

Commercial Specific

  • Total Area: 4908.34

  • Total Area Metric: Sq Ft

  • Lot Code: Lot

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Very Walkable

  • Most errands can be accomplished on foot.
80 /100

Good Transit

  • Some errands can be accomplished by public transportation.
52 /100

Biker's Paradise

  • Daily errands do not require a car.
91 /100
Map of 442-444 Montreal Street, Kingston
JK-8

Molly Brant Elementary School

Elementary: Public
1.51 km
JK-8

St Patrick Catholic School

Elementary: Catholic
0.36 km
JK-8

St Peter Catholic School

Elementary: Catholic
1.09 km
JK-8

Sydenham Public School

Elementary: Public
1.69 km
JK-8

Central Public School

Elementary: Public
1.07 km
JK-8

Cathedrale Catholic School

Elementary: Catholic
1.35 km
9-12

Limestone School of Community Education

Secondary: Public
2.73 km
9-12

Frontenac Learning Centre

Secondary: Public
1.60 km
9-12

Loyalist Collegiate and Vocational Institute

Secondary: Public
2.64 km
9-12

La Salle Secondary School

Secondary: Public
2.55 km
9-12

Kingston Collegiate and Vocational Institute

Secondary: Public
1.76 km
9-12

Regiopolis/Notre-Dame Catholic High School

Secondary: Catholic
0.48 km

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 815 Princess Street, Kingston | MLS: X9263103
For Sale
2 weeks ago
$XXX,XXX
  • — bath
  • — bed

815 Princess Street, Kingston, Ontario • K7L 1G6 • Kingston