142 Colborne Street Unit# 1,2,3,4 Kingston, Ontario K7K 1E2
$899,000
142 Colborne presents an attractive multi-unit fourplex with the opportunity to invest in an appreciating asset ideally located within walking distance to downtown, Queen's, KGH, and plenty of area amenities and public transportation. The property and units show extremely well and pride of ownership is evident. There is little that needs to be done at this property providing an exceptional turn key investment opportunity. Each unit has a separate electrical service with 4 meters in total. A newer gas boiler installed in 2021 provides efficient water radiant heat to the units. The exterior is well maintained with new vinyl siding added 2023. The C1, C1-1, C1-26 zoning provides for a legal non-conforming use as well as commercial potential. Gross income is $71 700.00 with good upward potential. Landlord pays water/sewer/gas and tenants pay hydro with the exception of Unit #4 (which just received its own meter). The property also features a separate entrance for the mechanical mechanical room/basement, as well as two parking spaces (one in the detached garage and one beside). The property has been very well maintained and shows very well. Don't miss this opportunity to add a quality property to your portfolio! (id:47868)
Property Details
| MLS® Number | 40458403 |
| Property Type | Multi-family |
| Amenities Near By | Park, Public Transit |
| Communication Type | High Speed Internet |
| Structure | Shed, Porch |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 5 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Constructed Date | 1918 |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Size Interior | 1866 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Park, Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 92 Ft |
| Size Frontage | 25 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | C1, C1-1, C1-26 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/25866132/142-colborne-street-unit-1234-kingston
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September 12 2023 05:24:53
Kingston & Area Real Estate Association
RE/MAX Finest Realty Inc., Brokerage
