364 Brock Street, Kingston, ON K7L 1T1

$1,200,000
: 8
BD
: 2
BA
: 2,000
SqFt

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List Price: $1,200,000
MLS#: X13857066
Status: ACTIVE
Type: Condo
SubType: Att/Row/Townhouse
Style: 2 1/2 Storey
Bedrooms: 8
Bathrooms: 2
Living Area: 2000-2500
Province: ON
Municipality: Kingston
Area: Frontenac
Subdivision: Brock And Division

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Property Description

An exceptional student housing investment in Kingston's University District, just a 3-minute walk to Queen's University and 2 minutes from the Hub entertainment district, with a grocery store and pharmacy within one block. This 8-bedroom home generates $9,400 per month ($112,800 annually). Tenants pay all utilities, and the current lease runs until April 30, 2027. The home features 2 kitchens, 2 living areas, 2 bathrooms and a 3rd floor primary Loft Suite. Originally designed as 2 separate units, it may offer the option to convert back (buyer to verify). Parking for 5 includes 3 tenant spaces plus 2 spaces rented separately at $100/month each. Their regular U-shaped lot adds possible future development potential. This is exactly where students want to live and investors want to own.

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Additional Information

Taxes: $9,985
Heat Type: Water
Heat Source: Gas
Air Conditioning: None
Family Room: Yes
Kitchens: 2
Exterior: Brick
Garage Type: None
Pool: None
Parking Spaces: 5
Parking Type: Private