691 Montreal Street Kingston, Ontario K7K 3J3
$599,900
Attention Investors, I rare opportunity to purchase a 4 unit building (11 bedrooms total) for under 600,000 in the Kingston downtown area. This property consists of 3 – 3 bedroom units and one 2 bedroom unit with great income potential. Currently unit 1 – main level 3 bedroom and unit 2 – a 3 level, 3 bedroom are vacant giving the new owner the opportunity to update and set the rents to todays rental market value. Unit 3 – is a large 3 bedroom unit on the top floor with good month-to-month tenants paying $1200.00 per month. Unit 4 – is a 2-bedroom unit in the basement with walkout access to the back cement patio. This unit is currently rented to a good month-to-month tenant for $800.00 per month. All units pay their own heat and hydro (electric heat). Owner pays the water/sewer about $300.00 per month. The building has parking for 5 at the front. This property will require some TLC to maximum the rental potential and give the new owner a solid investment. (id:47868)
Property Details
| MLS® Number | 40481612 |
| Property Type | Multi-family |
| Parking Space Total | 5 |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 11 |
| Basement Development | Partially Finished |
| Basement Type | Full (partially Finished) |
| Cooling Type | None |
| Exterior Finish | Brick, Stucco |
| Foundation Type | Poured Concrete |
| Heating Fuel | Electric |
| Stories Total | 2 |
| Size Interior | 2950 |
| Type | Fourplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Depth | 92 Ft |
| Size Frontage | 35 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | 3a-residential |
https://www.realtor.ca/real-estate/26044080/691-montreal-street-kingston
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September 12 2023 03:24:49
Kingston & Area Real Estate Association
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