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Sutton Group Masters
Realty Inc. Brokerage
1650 Bath Road, Kingston ON, K7M 4X6


LOADING

306-308 Montreal Street Kingston, Ontario K7K 3H1

8 Bedroom 4 Bathroom 3300
None Radiant Heat, Hot Water Radiator Heat

$1,195,000

306-308 Montreal Street presents an attractive multi-unit Four-Plex with the opportunity to invest in an appreciating asset. Sporting four 2 bedrooms units, which have all been renovated to a great degree, there is little that needs to be done at this property providing a turn key investment opportunity. Each unit has an separate electrical service of 100amps with 5 meters in total including common area. A newer gas boiler installed in 2019 provides efficient water radian heat to the units. Shingles replaced in 2018, new vinyl siding 2018, 2 parking spots (rented at $100 each/month). The B.538 zoning allows for a 3 to 6 family dwelling as well as a neighbourhood commercial use. 306 #1 is on a fixed lease until 2023/03/3, the remainder of the units are month to month. Gross income is $71 820.00 with good upward potential. Landlord pays water/sewer/gas and tenants pay hydro. The property also features a separate entrance for the mechanical room as well as two parking spaces each rented at $100/month. The property has been very well maintained and shows well. (id:33688)

Property Details

MLS® Number 40301534
Property Type Multi-family
Amenities Near By Public Transit, Shopping
Communication Type High Speed Internet
Equipment Type None
Features Paved Driveway
Parking Space Total 2
Rental Equipment Type None

Building

Bathroom Total 4
Bedrooms Total 8
Basement Development Unfinished
Basement Type Partial (unfinished)
Cooling Type None
Exterior Finish Brick, Vinyl Siding
Fire Protection Smoke Detectors
Heating Fuel Natural Gas
Heating Type Radiant Heat, Hot Water Radiator Heat
Stories Total 2
Size Interior 3300
Type Fourplex
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 78 Ft
Size Frontage 30 Ft
Size Total Text Under 1/2 Acre
Zoning Description B.538

Utilities

Electricity Available
Natural Gas Available
Telephone Available

https://www.realtor.ca/real-estate/24710010/306-308-montreal-street-kingston

Interested?

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Jan P. Kahlen
Salesperson

(613) 545-7156
www.kahlenrealestate.com

RE/MAX Finest Realty Inc., Brokerage
104-27 Princess St
Kingston, Ontario K7L 1A3

(613) 544-3325
https://remaxfinestrealty.com/

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