53 days on Market

248 Collingwood St, Kingston, Ontario K7L 3X8

Detached
5 + 3
2
~1500-2000 sqft
$1,499,000
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Detached
5 + 3
2
~1500-2000 sqft

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Highlights

Estimated ValueNot available

Price/Sqft$874/sqft

Est. Mortgage$6,438/mo

Tax Amount (2024)$8,870/yr

Days On Market53 days


Description

PRIME Location, Premium Investment Property! This solid all brick 2 storey + with generously sized paved driveway, detached garage on low maintenace lot, Featuring spacious common areas, modern finishes, and ample natural light, this property offers both comfort and functionality. The eight generously sized bedrooms provide versatility for a variety of living arrangements, ensuring strong rental appeal. ONLY 3-5 min walk to Queens University, Gord Downie Pier and 10 min walk to KGH this property is always fully occupied with a waiting list due to its excellent locations which carries great value being worry free, knowing you have a line up of tenants.One of the standout features of this investment is the solar income generated from the installed solar panels. Enjoy the additional benefit of selling excess energy back to the grid and make an additional $500 a month aprox, creating a sustainable income stream that enhances your return on investment. (Solar contract until 2032 at .80 cents per KW) (2025-2026 lease Income total $105,000.00 -Tenants pays all utilities )The location is unbeatable within walking distance of local amenities, parks, and public transportation, making it a dream for tenants and labeled a "bikers paradise". Nearby parks include Victoria Park, Churchill Park, Oakridge Park and Tindall Field. Property is fully rented - Turn Key Income available upon request. (All appliances included)


Property Details

Style2-Storey
View-
Age of property51-99
SqFt~1500-2000 SqFt
Lot Size5,060 SqFt(95.26 x 53.12)
Parking Spaces3
MLS ®NumberX10406469
Community NameSunnyside
Data SourceTRREB
Listing byRE/MAX FINEST REALTY INC., BROKERAGE

Features

Heating: Forced Air
Cooling: Central Air
Fireplace
Basement: Finished, Full

Bsmt Floor

Br

4.05 x 2.77

Br

6.27 x 3.76

Br

4.66 x 3.66


Features

Lot size: 5,060 SqFt

Parking

Garage spaces 1

Garage type Detached

Other parking spaces 2

Total parking spaces 3


Property listed by RE/MAX FINEST REALTY INC., BROKERAGE, Brokerage
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Population and Demographics

Overview

Total population 4677
Average household income $128,565

Age (%)

20 to 34
35%
0 to 19
19%
65 and plus
17%
50 to 64
15%
35 to 49
14%

Household composition (%)

Single person
44%
Single family
42%
Multi person
14%
Multi family
0%

Mother tongue (%)

English
85%
Others
3%
Mandarin
3%
French
2%
Arabic
1%
Iranian Persian
1%
Spanish
1%

House tenancy (%)

Renters
62%
Owners
38%

Schools and amenities

Estimated Budget