Home with brick exterior material for 280-282 Sydenham St, Kingston Ontario K7K 3M6
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Floor plan for 280-282 Sydenham St, Kingston Ontario K7K 3M6
12 Days on Market

280-282 Sydenham St, Kingston, Ontario K7K 3M6

$1,499,900
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Townhouse
-
7
~4230 sqft

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Highlights

Estimated Value$1,726,000*

Price/Sqft$354/sqft

Days On Market12 days

Est. Mortgage$6,441/mth

Tax Amount (2023)$13,758/yr

*Last updated on: 24/07/17

Description

Exceptional 7- Unit Investment Opportunity in the heart of Downtown Kingston, spanning both sides of the building. This is not your typical investment property. This place is Beautiful with high ceilings in most the units, balconies or patios off of 6 of the 7 units, and plenty of cosmetic updates making it very easy to rent. Lots of upside potential to increase rents as tenants turn over. All units separately metered. Including an approximate $10,000 in extra income potential that could be charged per year by renting the parking lot and 2 car garage out (built in 2010). Coin Laundry in the basement for tenants convenience as well as storage lockers for each unit. You don’t see properties this nice with such great rental potential come up too often. Projected to operate at around $86,000 NOI after rental increases in January with a potential upside fair market value of $140,000 NOI in relatively short order with tenant turnover and should you choose to optimize with parking/garage income. Email, text or call agent for more information.


Property Details

StyleResidential Income
View-
Age of property-
SqFt~4230 SqFt
Lot Size6,618 Ac(136.47 x 48.5)
Parking Spaces9
MLS ®Number40617038
Community NameInner Harbour
Data SourceITSO

Features

Heating: Electric, Natural Gas, Radiator
Cooling: Other
Basement: Walk-Up Access, Full, Unfinished

Features

Lot size: 6,618 Ac
Septic Tank

Parking

Garage spaces 2

Garage type -

Other parking spaces 7

Total parking spaces 9


Property History

Now
Listed for$1,499,900
12 days on market
history photo preview34
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Property listed by Re/Max Rise Executives, Brokerage, Brokerage
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