306-308 Montreal Street Kingston, Ontario K7K 3H1
$1,119,000
306-308 Montreal Street presents an attractive multi-unit Four-Plex with the opportunity to invest in an appreciating asset. Sporting four 2 bedrooms units, which have all been renovated to a great degree, there is little that needs to be done at this property providing a turn key investment opportunity. Each unit has an separate electrical service of 100amps with 5 meters in total including common area. A newer gas boiler installed in 2019 provides efficient water radian heat to the units. Shingles replaced in 2018, new vinyl siding 2018, 2 parking spots (rented at $100 each/month). The B.538 zoning allows for a 3 to 6 family dwelling as well as a neighbourhood commercial use. 306 #1 is on a fixed lease until 2023/03/3, the remainder of the units are month to month. Gross income is $71 820.00 with good upward potential. Landlord pays water/sewer/gas and tenants pay hydro. The property also features a separate entrance for the mechanical room as well as two parking spaces each rented at $100/month. The property has been very well maintained and shows well. (id:47723)
Property Details
| MLS® Number | 40301534 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit, Shopping |
| Communication Type | High Speed Internet |
| Equipment Type | None |
| Features | Paved Driveway |
| Parking Space Total | 2 |
| Rental Equipment Type | None |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 8 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat, Hot Water Radiator Heat |
| Stories Total | 2 |
| Size Interior | 3300 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 78 Ft |
| Size Frontage | 30 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | B.538 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/24710010/306-308-montreal-street-kingston
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August 30 2022 02:25:17
Kingston & Area Real Estate Association
RE/MAX Finest Realty Inc., Brokerage