49-67 Adelaide Street, Kingston (East of Sir John A. Blvd), Ontario

About 49-67 Adelaide Street

An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of Downtown Kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its own private walk-out basement, with 6 units also offering decks off the living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current Cap Rate of 5.24%, with a projected Cap Rate of approximately 5.37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to Downtown Kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals. (id:6289)

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

49-67 Adelaide Street is a multi-family listing for sale in Kingston (East of Sir John A. Blvd). The MLS® number is X13813188. It features 12 bathrooms and covers 8,280 square feet. It's currently listed for $3,149,900. For more details on MLS® X13813188, 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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