48 Stephen Street Kingston (East of Sir John A. Blvd), ON K7K 2C3
Inscription par:  CREA / Listed By: Re/Max Rise Executives, Brokerage

  48 Stephen Street Kingston (East of Sir John A. Blvd), ON K7K 2C3

En vigueur (89 Jours)
1 707 343 $ (USD)
10 000
PI. CA.

Description

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:41440)

MLS®:
X13228856
Les impôts
$24,831
Catégorie
Multifamily
Ville
Frontenac County

Listed By

Jordan McGregor, Re/Max Rise Executives, Brokerage
Source
CREA
Dernière vérification Août 29 2026 à 8:15 PM EDT
Détails sur les salles de bains
Chauffage et refroidissement
  • Hot Water Radiator Heat
  • Radiator
  • Natural Gas
  • None
Informations sur les services publics
  • Sewer: Sanitary Sewer
Surface Habitable
  • 10,000 pi. ca.
Alimenté par Walk Score®
Disclaimer: REALTOR.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. Listing Data Last Updated: 8/29/26 13:15