153-155 Brock Street, Kingston (Central City East) - Multi-family for Sale

Description

153-155 Brock Street - Downtown Kingston | A rare opportunity to acquire a fully renovated, income-producing student housing asset in the heart of downtown Kingston - walking distance to Queen's University. This 1850 limestone heritage property spans two connected buildings and offers a combined 15 bedrooms and 6 bathrooms, making it one of the largest turn-key rental properties available in the downtown core. Two of the 3 units are fully furnished and equipped with keypad entry systems, allowing for secure, flexible tenant management across multiple leases. In 2018, the property underwent a complete mechanical overhaul - plumbing, electrical, and HVAC systems were all replaced - reducing near-term capital expenditure and offering peace of mind for a new owner. This is not a property that requires renovation to perform; it is ready to generate income from day one. The location is exceptional for the student rental market. Queen's University, downtown dining and retail, and the Kingston waterfront are all within easy walking distance, and Hotel Dieu Hospital sits directly across the street - a location that consistently drives strong tenant demand year after year. Four on-site parking spaces are a significant advantage in a downtown core where parking is limited, and a bus stop directly in front of the property adds further convenience for tenants without vehicles. With its scale, location, and updated infrastructure, 153-155 Brock Street offers investors a proven, high-occupancy student rental opportunity with flexible options for long-term leases or short-term rental use. Properties of this size and condition rarely become available in downtown Kingston, and this one is now offered at a reduced price of $2,199,000. (id:66096)

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