Sold on Aug 08, 2023
Note: Property is not currently for sale or for rent.
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Type: Detached
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Style: Bungalow
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Lot Size: 45 x 118
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Age: 51-99 years
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Taxes: $4,262 per year
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Days on Site: 47 Days
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Added: Jul 11, 2024 (1 month on market)
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Updated:
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Last Checked: 2 hours ago
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MLS®#: X9029099
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Listed By: Royal lepage proalliance realty, brokerage
Exceptional investment opportunity an immaculate all brick bungalow walking distance to Queen's University. This property promises outstanding positive cash flow and a potentially great cap rate, but has also been fastidiously maintained and updated inside and out. The main floor, with its oak strip flooring, new paint, and updated windows and kitchen, all work together to create a clean and crisp living space. Currently laid out with 2 bedrooms and a 4-piece bath. But here's where the investment potential shines: the entire house can be easily converted into a remarkable (and profitable) 6-bed student rental. With a very modest renovation, you'd have the opportunity to experience massive upside and capitalize on the high demand for student housing in this prime location. And the best part? The basement, already updated with new flooring, fresh paint, sound insulation, and fire-rated type X drywall on the ceiling, lays the groundwork for a seamless transformation. Plumbing for a kitchenette is even pre-installed, streamlining the process further. Beyond the lucrative rental potential, this property has been updated with high end mechanicals, ensuring minimal maintenance and maximum peace of mind. The detached garage provides convenient storage space, while the driveway accommodates parking for up to 3 cars. As an investor, you can unlock positive cash flow from this well-maintained, (so close to) turnkey property. With its excellent location, prudent updates, and the potential for significant rental income, this bungalow represents an opportunity that shouldn't be missed. Whether you're a seasoned investor, a parent of a Queen's student, or looking to get into the rental market for the first time, this is your chance to secure an exceptional asset. Act quickly to make this investment yours today! Financial projections, floor plans, and updates list available upon request.
Status
Days on Market: 47
Last Status: Sold
Sold Date: Aug 08, 2023
Closed Date: Aug 21, 2023
Expiry Date: Sep 30, 2023
Sold Price: $667,500
Unavailable Date: Aug 08, 2023
Input Date: Jun 22, 2023
Prior LSC: Sold
Property
Status: Sale
Property Type: Detached
Style: Bungalow
Age: 51-99
Area: Kingston
Community: Central City East
Availability Date: Immediate
Assessment Amount: $295,000
Assessment Year: 2023
Inside
Bedrooms: 2
Bedrooms Plus: 1
Bathrooms: 2
Kitchens: 1
Rooms: 7
Air Conditioning: Other
Fireplace: No
Washrooms: 2
Utilities
Electricity: Yes
Gas: Yes
Building
Basement: Finished
Basement 2: Full
Heat Type: Radiant
Exterior: Brick
Elevator: N
Water Supply: Municipal
Special Designation: Unknown
Parking
Driveway: Other
Garage Spaces: 1
Garage Type: Detached
Covered Parking Spaces: 3
Fees
Tax Year: 2023
Tax Legal Description: LT 37, PL 171 ; KINGSTON
Taxes: $4,262
Highlights
Feature: Hospital
Land
Cross Street: Between Napier Stree
Municipality District: Kingston
Parcel Number: 360250108
Pool: None
Sewer: Sewers
Lot Depth: 118
Lot Frontage: 45
Acres: < .50
Zoning: UR5
Rural Services: Recycling Pckup
Rooms
Room details for 640 BROCK Street, Kingston
| Type | Dimensions | Description |
|---|---|---|
| Kitchen Main | 3.35 x 2.57 | |
| Dining Main | 4.57 x 2.57 | |
| Living Main | 3.96 x 4.57 | |
| Bathroom Main | - | |
| Br Main | 3.89 x 3.45 | |
| Br Main | 3.12 x 3.38 | |
| Foyer Main | 2.57 x 1.04 | |
| Family Bsmt | 4.42 x 6.83 | |
| Br Bsmt | 3.78 x 3.00 | |
| Bathroom Bsmt | - | |
| Laundry Bsmt | 2.87 x 3.17 |
St Joseph School
Elementary: CatholicModule Vanier
Elementary: PublicWinston Churchill Public School
Elementary: PublicCathedrale Catholic School
Elementary: CatholicCentennial Public School
Elementary: PublicRideau Public School
Elementary: PublicÉcole secondaire publique Mille-Iles
Secondary: PublicLimestone School of Community Education
Secondary: PublicFrontenac Learning Centre
Secondary: PublicLoyalist Collegiate and Vocational Institute
Secondary: PublicKingston Collegiate and Vocational Institute
Secondary: PublicRegiopolis/Notre-Dame Catholic High School
Secondary: Catholic
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