Scott Morgan - Sutton
44 Baldwin Street
Brooklin, ON L1M1A2
$2,375,000 $12,750 est/mo Sourced by Back At You
442 Macdonnell Street,Kingston (Central City East), ON K7L4E4
Kingston (Central City East), ON K7L4E4
Description
Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 6 one-bedroom units and 6 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $186600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. CMHC Mortgage is transferable with certain conditions. The Loan loan term ends in 2029 (id:13843)
Details
| MLS # | X13778204 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 46 |
| Listing Provided By | CENTURY 21 LANDUNION REALTY INC. | PHILIP DENG |
Features
| Bed(s) | 12 |
|---|---|
| Bath(s) | 12 Total |
Interior
| Heating | Baseboard heaters, Electric |
|---|---|
| Appliances | Two stoves, Water Heater, Two Refrigerators |
| Fireplace Yes / No | No |
Exterior
| Foundation Details | Concrete |
|---|
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 3 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 20636 |
|---|---|
| Tax Year | 2025 |
Area Information
| Province | ON |
|---|---|
| City | Kingston (Central City East) |
| Postal Code | K7L4E4 |
| Listing VS Median (in K7L4E4) | |
Price: $2,375,000 low | high Med: $2,375,000 On site: 46 low | high Med: 46 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Kingston (Central City East) |
| Postal Code | K7L4E4 |
| Listing VS Median (in K7L4E4) | |
Price: $2,375,000 low | high Med: $2,375,000 On site: 46 low | high Med: 46 | |
Nearby Listings (Within 1/10 mile)
Price: $1.781M - $2.968M
sqft: 0 - 0
Listing Updated: September 28, 2026 at 11:35:33 PM PDT
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