$775,000

For sale

138 Chatham Street, Kingston (East of Sir John A. Blvd) - Multi-family for Sale

138 Chatham Street, Kingston (East of Sir John A. Blvd), Ontario, K7K4H4

6 beds3 baths2 parking1,750 ft²51 × 70 ft (3,585 sq ft) lot sizeListed 81 days ago

Overview

This multi-family property in Kingston is for sale offering roughly 1,750 sq ft of space. It has been on the market 81 days, fresher than the Kingston average of 86 days.

Multi-Family Properties for Sale in Kingston →All real estate in Kingston →

Description

Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until April 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential. (id:66096)

Property Details

MLS®: X13679136
Property Type: Multi-family
Zoning: UR5
Bedrooms: 6
Beds (above / below): 6 above · 0 below
Bathrooms: 3
Parking: 2
Interior Size: 1,750 ft²
Lot Size: 51 × 70 ft (3,585 sq ft)
Frontage: 51 ft
Storeys: 2
Basement: Unfinished, Full
Heating: Forced air, Natural gas
Cooling: None
Garage: No Garage
Property Tax: $4,935/yr
Listed: 81 days ago

Rooms

Main level

Living room: 3.41 x 6.46 meters
Kitchen: 5.08 x 2.83 meters
Dining room: 4.45 x 1.8 meters
Bedroom: 3.45 x 3.92 meters
Bedroom: 3.44 x 2.37 meters
Bathroom: 1.65 x 2.64 meters
Laundry room: 1.9 x 1.69 meters

Second level

Bathroom: 3.13 x 1.5 meters
Bedroom: 3.52 x 5.61 meters
Bedroom: 3.53 x 3.02 meters

Features

Appliances: Washer, Refrigerator, Stove, Dryer, Water Heater
Foundation: Concrete
Exterior: Vinyl siding
Lot Features: Irregular lot size

Services

Water: Municipal water
Sewer: Sanitary sewer
Utilities: Sewer, Electricity, Cable

Features and services as supplied by the listing brokerage.

Market Timing

Days on market

81d

Kingston (East of Sir John A. Blvd) listings, avg age

86d

Price / ft²

$443

List price

$775K

Homes here sell faster than most markets

Sold homes in this market spent an average of 36 days on the market over the past year, against a median of 48 days across the markets we publish.

Haho

This 6-bed multi-family in Kingston (East of Sir John A. Blvd) has been listed for 81 days, which is 5 days fresher than the city average of 86. Act while there is still low competition.

Set a price alert Book a showing

Listed by ONE PERCENT REALTY LTD. · John Stevenson

Location

Approximate location — exact address confirmed upon showing

Nearby Places

Area context

Neighbourhood profile (K7K)

This home lists at $775,000, about 11.6× the local median household income of $67,000.

Carrying it typically needs a household income of about $151,385 (20% down, 25-yr amortization, stress-tested) — roughly 126% above the area median.

Median household income: $67,000
Population: 33,705
Median age: 37.2
Owner / renter: 44% / 56%
Avg. household size: 2.1

Source: Statistics Canada, 2021 Census (FSA K7K)

$775,000· $443/ft²

For sale

Book a showing

Pick a time that suits you. A verified local agent confirms within 24h.

Full Cost Breakdown

Loading rates, 30-yr amortization

Current Rates

Loading…

Compare all rates

Down Payment6.77% · $52,500.00

Min 6.77%50%

Mortgage payment$4,006/mo

↳ CMHC premium ($28,900 capitalized)

Property tax (est.)$411/mo

Total monthly$4,417

Cash Needed to Close

Down payment (6.77%)$52,500

Land transfer tax$11,975

Est. closing costs$4,825

Total cash needed$69,300

Get Pre-Approved · Free & Fast

Rates via our partner mortgage brokers at iShopRates · Estimates only, not financial advice

Rental cashflow calculator