Description

 Price: $ 4,750,000.00 MLS^®: X13124720         Location : 80 Virginia Street, Kingston, ON K7K 5Y4

Excellent opportunity to acquire a well-maintained 25-unit low-rise apartment building in Kingston, Ontario. Previously REIT-owned, this property has been professionally managed and is in excellent overall condition. Conveniently located on a bus route, minutes to Highway 401, and close to downtown Kingston.The building offers stable in-place income with clear upside through rental increases on tenant turnover. Additional lift may be available by having new tenancies pay their own hydro.A clean, stabilized multifamily asset in a strong rental market with meaningful long-term upside.

Location Description

Virginia St and Sutherland Dr

Property Details

• Community: 23 - Rideau
• Property Type: Tenant/Commercial
• Garages: Outside/Surface

Building Features

Features

• Heating: Radiant