$799,900

For sale

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88 JOSEPH Street, Kingston (Rideau) - Multi-family for Sale

88 JOSEPH Street, Kingston (Rideau), Ontario, K7K2H7

7 beds4 baths6 parking ft²

17 SHAW Street, Kingston (Rideau), Ontario, K7K4Y5

4 bd2 ba5 pkLot size 50 × 206 ft (10,315 sq ft)

Listed by EXP REALTY, BROKERAGE

Investment analysis

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$799,900

Kingston

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Overview

This multi-family property in Kingston is for sale offering roughly 1,300 sq ft of space. It has been on the market 28 days, fresher than the Kingston average of 42 days.

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

Description

Great opportunity to own a fully leased fourplex with reliable tenants and strong rentalincome. The property generates a total monthly income of $4,956, consisting of Unit 1 at$1,056/month including heat, Unit 2 at $1,200/month plus utilities, Unit 3 at $1,400/month plusutilities, and Unit 4 at $1,300/month plus utilities. Detailed financials are available byemail. The property also offers parking for 5-6 vehicles and a convenient location with only ashort commute to downtown and easy access to Highway 401. Don't miss this excellent investmentopportunity-call today to arrange your private showing. (id:66096)

Property Details

MLS®: X13874122
Property Type: Multi-family
Bedrooms: 7
Beds (above / below): 7 above · 0 below
Bathrooms: 4
Parking: 6
Interior Size: 1,300 ft²
Lot Size: 44 × 165 ft (7,260 sq ft)
Frontage: 44 ft
Basement: Full
Heating: Forced air, Oil
Cooling: Window air conditioner
Garage: No Garage
Pool: Yes
Property Tax: $5,008.94/yr
Listed: 28 days ago

Features

Appliances: Washer, Refrigerator, Water meter, Stove, Dryer, Water Heater
Foundation: Concrete
Exterior: Brick
Lot Features: Level lot

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

28d

Kingston (Rideau) listings, avg age

42d

Price / ft²

$615

List price

$800K

Homes here sell faster than most markets

Sold homes in this market spent an average of 35 days on the market over the past year, against a median of 48 days across the markets we publish.

Area context

Neighbourhood profile (K7K)

This home lists at $799,900, about 11.9× the local median household income of $67,000.

Carrying it typically needs a household income of about $156,248 (20% down, 25-yr amortization, stress-tested) — roughly 133% 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)

$799,900· $615/ft²

For sale

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Full Cost Breakdown

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Down Payment6.87% · $54,990

Min 6.87%50%

Mortgage payment$4,130/mo

↳ CMHC premium ($29,796 capitalized)

Property tax (est.)$417/mo

Total monthly$4,547

Cash Needed to Close

Down payment (6.87%)$54,990

Land transfer tax$12,473

Est. closing costs$4,900

Total cash needed$72,363

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

88 JOSEPH Street, Kingston (Rideau) - Multi-family for Sale

Rental cashflow calculator

Description

Property Details

Features

Services

Market Timing

Location

Nearby Places

Neighbourhood profile (K7K)

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Full Cost Breakdown