493 College Street Kingston, Ontario K7L 4M8
$1,649,000
Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen's University, St. Lawrence College, and the Teachers' College, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location - modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you've been looking for. Schedule your private viewing today. (id:50886)
Property Details
| MLS® Number | X12544210 |
| Property Type | Multi-family |
| Community Name | 14 - Central City East |
| Amenities Near By | Public Transit |
| Parking Space Total | 4 |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 8 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 11 |
| Age | 51 To 99 Years |
| Amenities | Fireplace(s) |
| Appliances | Water Heater, Dishwasher, Dryer, Microwave, Stove, Washer, Window Coverings, Refrigerator |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Smoke Detectors |
| Fireplace Present | Yes |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 2,000 - 2,500 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 125 Ft |
| Size Frontage | 45 Ft |
| Size Irregular | 45 X 125 Ft |
| Size Total Text | 45 X 125 Ft|under 1/2 Acre |
| Zoning Description | A |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Primary Bedroom | 4.17 m | 4.4 m | 4.17 m x 4.4 m |
| Second Level | Bedroom 2 | 3.8 m | 3.33 m | 3.8 m x 3.33 m |
| Second Level | Bedroom 3 | 4.15 m | 2.97 m | 4.15 m x 2.97 m |
| Second Level | Kitchen | 3.8 m | 3.16 m | 3.8 m x 3.16 m |
| Second Level | Living Room | 5.35 m | 3.62 m | 5.35 m x 3.62 m |
| Second Level | Bathroom | 2.7 m | 1.81 m | 2.7 m x 1.81 m |
| Basement | Kitchen | 1.56 m | 5 m | 1.56 m x 5 m |
| Basement | Dining Room | 2.18 m | 1.66 m | 2.18 m x 1.66 m |
| Basement | Living Room | 3.91 m | 6.83 m | 3.91 m x 6.83 m |
| Basement | Bathroom | 2.14 m | 1.5 m | 2.14 m x 1.5 m |
| Basement | Primary Bedroom | 3.79 m | 3.54 m | 3.79 m x 3.54 m |
| Basement | Bedroom 2 | 3.79 m | 3.07 m | 3.79 m x 3.07 m |
| Basement | Bedroom 3 | 3.79 m | 2.7 m | 3.79 m x 2.7 m |
| Main Level | Kitchen | 4.17 m | 2.41 m | 4.17 m x 2.41 m |
| Main Level | Living Room | 5.14 m | 3.65 m | 5.14 m x 3.65 m |
| Main Level | Kitchen | 2.12 m | 4.23 m | 2.12 m x 4.23 m |
| Main Level | Dining Room | 1.41 m | 2.06 m | 1.41 m x 2.06 m |
| Main Level | Living Room | 2.35 m | 2.86 m | 2.35 m x 2.86 m |
| Main Level | Bedroom | 2.97 m | 2.95 m | 2.97 m x 2.95 m |
| Main Level | Bathroom | 2.78 m | 1.51 m | 2.78 m x 1.51 m |
| Main Level | Bathroom | 2.66 m | 1.82 m | 2.66 m x 1.82 m |
| Main Level | Primary Bedroom | 4.15 m | 3.31 m | 4.15 m x 3.31 m |
| Main Level | Bedroom 2 | 3.79 m | 3.31 m | 3.79 m x 3.31 m |
| Main Level | Bedroom 3 | 2.98 m | 2.59 m | 2.98 m x 2.59 m |
| Main Level | Bedroom 4 | 3.76 m | 3.19 m | 3.76 m x 3.19 m |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
Contact Us
Contact us for more information
Pierre Nadeau
Broker
www.nadeaurealestategroup.com/
225-427 Princess St
Kingston, Ontario K7L 5S9
(866) 530-7737
www.exprealty.ca/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
November 14 2025 09:21:26
Kingston & Area Real Estate Association
Exp Realty, Brokerage