$898,000
Kingston
143-145 Ordnance Street, Kingston (East of Sir John A. Blvd), Ontario, K7K1G9
This multi-family property in Kingston is for sale offering roughly 2,250 sq ft of space. It has been on the market 40 days, fresher than the Kingston average of 86 days.
Welcome to 143-145 Ordnance Street - a well-maintained fourplex in Kingston's sought-after Inner Harbour neighbourhood. Ideally situated within walking distance of Queen's University and just steps from downtown Kingston's restaurants, amenities, waterfront, and year-round events, this property offers an excellent opportunity to own a multi-unit investment in a highly desirable rental location. The property features four bright and efficiently designed one-bedroom units, each offering comfortable living spaces and functional layouts. The main-floor units feature open-concept living and kitchen areas with large south-facing windows, 3pc bathrooms, and access to their own private rear decks. The upper-level units are equally bright and inviting, with bedrooms positioned at the front of the home, 4pc bathrooms, and central living and kitchen areas overlooking the rear of the property. Tenants are responsible for their own utilities, with the exception of natural gas heat, helping to keep operating expenses manageable. The property also offers four dedicated parking spaces plus one additional bonus parking space, providing flexibility for owner use or the potential to generate additional rental income. Whether you're looking to expand your investment portfolio, live in one unit while generating rental income from the others, or simply add a well-positioned multi-unit property to your holdings, 143-145 Ordnance Street presents a compelling opportunity in the heart of Kingston. (id:66096)
Features and services as supplied by the listing brokerage.
Extended: 40 days on market, against an average age of 86 days across the listings currently for sale in this city
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.
This 4-bed multi-family in Kingston (East of Sir John A. Blvd) has been listed for 40 days, which is 46 days fresher than the city average of 86. Act while there is still low competition.
Approximate location — exact address confirmed upon showing
This home lists at $898,000, about 13.4× the local median household income of $67,000.
Carrying it typically needs a household income of about $175,411 (20% down, 25-yr amortization, stress-tested) — roughly 162% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7K)
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Loading rates, 30-yr amortization
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Room details as supplied by the listing brokerage. Dimensions are shown in the unit the listing states, and are approximate.