686 Montreal Street, Kingston (East of Sir John A. Blvd), Ontario, K7K3J4




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$999,900
Kingston
This multi-family property in Kingston is for sale.
686 Montreal Street is a legal 6-unit apartment building (6-plex) approx: 3,200-4,600 sq ft range (sources vary) 8 bedrooms total. 4 x 1 bedroom apartments and 2 x 2-bedroom apartments. Features: separate hydro meters per unit (tenant-paid utilities) shared laundry (basement). additional garage/workshop structure on site. Roof approx 10 yrs old. Electrical up grade 2 yrs ago. Common forced air furnace. Each tenant pays for their own hot water tank rental. From an investor standpoint: this is a classic Kingston cash-flow asset-older stock, separately metered, low operating complexity. planning / zoning insight (important for your project) from your pre-consult file (d00-139-1015) and city feedback: zoning: mui - mixed use 1 official plan: mixed use. What that means in practice: supports: multi-unit residential. conversions / intensification additional dwelling units (subject to site constraints) (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 180 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 9-bed multi-family in Kingston (East of Sir John A. Blvd) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $999,900, about 14.9× the local median household income of $67,000.
Carrying it typically needs a household income of about $195,315 (20% down, 25-yr amortization, stress-tested) — roughly 192% above the area median.
Source: Statistics Canada, 2021 Census (FSA K7K)
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Loading rates, 30-yr amortization
Cash Needed to Close
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