378 Barrie Street Kingston, ON K7K 3T4
Inscription par: PropTX - IDX / Listed By: Sutton Group-Masters Realty Inc., Brokerage

  378 Barrie Street Kingston, ON K7K 3T4

En vigueur
579 000 $ (CAD)
5
CAC
2
SDB
1100-1500
PI. CA.

Description

6.6% Net Cap Rate with Additional Income Upside. An exceptional turnkey investment opportunity with $43,200 in annual gross rental income and a 6.6% net cap rate, with further potential to increase revenue. The property is currently rented as a 4-bedroom student rental at $3,600 per month plus tenants pay utilities, with a lease in place until the end of April 2027 with the high possibility of these tenants renewing their leases. Located within walking distance of downtown Kingston and Queen's University, this property benefits from a highly desirable location and consistent demand for student housing. The property has been well maintained and consistently occupied, offering investors immediate income while providing clear upside potential. With the existing four-bedroom configuration generating a 6.6% net cap rate, the opportunity to add rental income through the currently unused bedroom, potential dining-room conversion, and parking space creates the potential for an even stronger return over time. There is meaningful opportunity to increase the property's income beyond the current $43,200 annual rent. The home includes a fifth, smaller bedroom on the second floor that is not currently being rented, along with the potential to convert the existing dining room into an additional bedroom. There is also one dedicated parking space that could potentially be monetized separately. These opportunities provide investors with several avenues to enhance future rental income with relatively modest improvements. Laundry will be relocated from the lower level to the main level kitchen as a stackable set in the next few weeks.

MLS®:
X13419790
Les impôts
$3,478(2026)
Catégorie
Single-Family Home
Style
2-Storey
Ville
Frontenac County
Communauté
22 - East of Sir John A. Blvd

Listed By

Sutton Group-Masters Realty Inc., Brokerage
Source
PropTX - IDX
Dernière vérification Août 29 2026 à 8:57 AM EDT
Détails sur les salles de bains
Caractéristiques Intérieures
  • Carpet Free
  • Water Heater Owned
Caractéristiques de la propriété
  • Foundation: Stone
Chauffage et refroidissement
  • Forced Air
  • None
Informations sur les sous-sols
  • Unfinished
Informations sur le pool
  • None
Caractéristiques extérieures
  • Vinyl Siding
  • Toit: Asphalt Shingle
Informations sur les services publics
  • Sewer: Sewer
  • Fuel: Gas
  • Energy: Energy Certificate: No
Garage
  • None
Étages
  • 2

Historique des prix des annonces

Date
Événement
Prix
% Variation en
$ (+/-)
Août 10, 2026
Prix modifié
579 000 $
-3%
-20 000 $
Juin 20, 2026
Prix modifié
599 000 $
-8%
-50 000 $
Alimenté par Walk Score®
Disclaimer: Copyright 2026 Toronto IDX. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 8/29/26 01:57