48 Stephen Street, Kingston (East of Sir John A. Blvd), Ontario

About 48 Stephen Street

Well-located 12-unit apartment building in Kingston's highly sought-after Inner Harbour District. The property generates a current NOI of $106,803 and is approximately 21% under-rented across the building, offering immediate and measurable upside through rent optimization. The building is in good overall condition, with several capital improvements already completed. Rents are inclusive, with landlord-paid utilities, creating potential for future expense optimization. On-site parking enhances tenant appeal and long-term stability. This asset qualifies for CMHC MLI-Select-style financing, making it an attractive opportunity for investors seeking leverage, income growth, and a strong downtown location with limited multi-residential supply. Full financials, rent roll, and supporting documentation are available in the data room. Serious buyers are encouraged to review the materials to fully understand the income upside and financing potential. (id:6289)

More Info on this 22 - East of Sir John A. Blvd Multi-Family MLS® listing

48 Stephen Street is a multi-family listing for sale in Kingston (East of Sir John A. Blvd). The MLS® number is X13228856. It covers 10,000 square feet. It's currently listed for $2,375,000. For more details on MLS® X13228856, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This multi-family listing in 22 - East of Sir John A. Blvd is available now!

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