616 Bagot St, Kingston, Ontario K7K 3E5
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Highlights
Estimated ValueThis is the price Wahi expects this property to sell for.
The calculation is powered by our Instant Home Value Estimate, which uses current market and property price trends to estimate your home’s value with a 90% accuracy rate.$581,000*
Price/Sqft$237/sqft
Days On Market61 days
Est. Mortgage$2,276/mth
Tax Amount (2023)$3,756/yr
Description
Large Duplex in Kingston’s sought-after Inner Harbour neighbourhood steps to downtown, schools, parks, public transport & the waterfront. This 2.5 storey Duplex boasts numerous upgrades & offers architecturally unique 2-Bedroom units that optimize style, space & natural light. UNIT 1 is +/-1375 sf, articulated over 2-levels & features 9-ft ceilings on the main floor with a fully equipped eat-in kitchen that grants access to a beautiful private backyard. It includes an expansive living area, a generous bedroom, & a main bathroom, with the lower level boasting 7-ft ceilings & offering a versatile room that serves as an additional bedroom with potential for reinstating a second 3-piece bathroom in addition to in-suite laundry facilities. UNIT 2 is a 2-level 2-Bedroom suite spanning the upper levels of the building offering +/- 900 sf of refined living space, mirroring the aesthetic & allure of an upscale urban loft. It showcases 8-foot ceilings, premium hardwood flooring & includes a versatile kitchen, sophisticated living area, 3-PC bathroom & a lofted third floor, enhancing its urban appeal. Each unit has its own Gas Furnace and Central A/C system (new 2016). Other upgrades since 2016 include new Roof, Kitchen Cabinetry, Gas HWT, Electrical, Plumbing (Copper & ABS), Double-Vinyl Windows, Soffits, Flooring & more. INCOME: UNIT 1 @ $1504.09/month. UNIT 2 @ $1432/month. Utilities included + 1 parking per unit. Tenancies are monthly. Shard laundry estimated @ $400/yr. Total Annual Income $35633.08. EXPENSES include $3755.98 Property Tax, $1411 Insurance, $3276 Utilities & 4% Maintenance allocation of $1409.32. NET INCOME is $25780.78. The Property offers approx. 30% lift in rental income on turnover based on current market rent estimates. The asset’s versatile zoning & layout also allow for an easy transition back to a single-family residence or a partial owner-occupancy scenario where the Buyer can live in one unit and rent the other. Three parking spots available.
Property Details
Interior
Features
Exterior
Features
Parking
Garage spaces -
Garage type -
Total parking spaces 3
Property History
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