$974,995 $5,234 est/mo Sourced by Back At You

423 Palace Road,Kingston, ON K7L 4T5

Kingston ON, K7L 4T5

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Description

This property checks all the boxes. Are you a parent looking to house your son or daughter at Queenswant to have it paid for? Then this property is for you. Or are you a savvy investor that just wants great returns and a solid investmentwe have you covered! Don't be deceived by its modest exterior423 Palace Road is a fully furnished, turn-key, high performing investment. This property is larger than it looks due to a large addition at the rear. Discover 423 Palace Roadan exceptional, well-maintained legal 3-unit property in the heart of the City. With two 2-bedroom units, one 1-bedroom unit, and close proximity to Queen's University, hospitals, and public transit, it appeals to mature tenants and professionals. Standout features include a 100-gallon owned solar hot water heater, energy-efficient vinyl windows, and upgraded insulation for reduced operational costs. Offering an attractive income stream and with a sought after short-term rental rating, it's ideal for long-term tenants and Airbnb ventures. Don't miss this opportunity with a 7.07% CAP Rate and a projected 6.71% ROI." and with 0% vacancy and Fully leased until 2025

Details

MLS#40572564
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Days On Site38
Listing Provided ByRE/MAX Service First Realty Inc, Brokerage | Luca Andolfatto

Features

Bed(s)5
Bath(s)3
SQ Feet2,000
BasementY
Story(s)2
Units3
ZoningUR5
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Listings Checked: 1 minute ago
ProvinceON
CountyFrontenac
CityKingston
Postal CodeK7L 4T5
AreaKingston
Subarea18 Central City West
Community Name18 Central City West
Listing VS Median (in 18 Central City West)
Price:
$974,995
low | high
Med:
$589,900
89.497125626285% of Average
SqFt:
2,000
low | high
Med:
1,194
90.3% of Average
$ / SqFt:
$487
low | high
Med:
$494
48.655151802823% of Average
On Site:
38
low | high
Med:
15.000000
100% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 5:06:40 PM PDT