Address
7 RIDEAU Street Kingston, ON
Price
$ 1,250,000
Property Attributes
  • ID#40169303
  • TypeMulti-Family
  • CityKingston
  • AreaKingston and Area
  • NeighbourhoodInner Harbour
  • Postal CodeK7K 2Z5
  • Style
  • Price$ 1,250,000
  • Bedrooms0
  • Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Sina Tahamtan with Rogers & Trainor Commercial Realty Inc., Brokerage
Data Source:
RLP - CREA EN
Property Description

Exceptional mixed-use investment opportunity, centrally located near the heart of Kingston’s historic downtown core, 1-block from a major grocery anchor, steps to City Hall, Market Square, Leon’s Entertainment Centre and Kingston renowned artisanal cafes, eclectic shops & award-winning bistros. Situated in a residential neighbourhood & uniquely nestled in close proximity to high-traffic downtown venues, the property offers 3x1 Bedrooms suites, and 1 Commercial unit all with significant rental upside potential on turnover. The main level consists of Unit A, a 420 sf commercial suite w/ kitchenette, W/C, & 8ft ceilings. Unit B is an immaculate 1-Bed suite, fully upgraded (2014), with exposed brick and limestone walls, stainless steel appliances, walk-in closet, w/ Bedroom and Living Room both w/ views toward Lake Ontario. Unit C is an exceptionally maintained, upgraded & fully furnished 1- Bed 550 sf lower level suite, with high ceiling, full stainless steel appliances & exposed limestone walls. Unit D is an extremely unique and oversized 1-Bed suite with eat-in kitchen, full bath, storage, dining room, and living room with +16 ft cathedral ceilings with potential to create a loft. Unit D currently rented significantly below market, with endless potential on turnover. The property offers 3 on-site parking spaces, a rare feature in the neighbourhood. There are 3 electrical meters & 1 water meter (Unit C & D have dedicated meters). Pride of ownership is evident throughout this property, which has been impressively maintained and upgraded over the years. Common Coin-Operated laundry. Well kept, dry lower level, where you will also find 3 new hot water heaters. A great investment opportunity, AirBnB investment, or live-work arrangement by owner occupier.

General Features

Parking Spaces 3

Exterior Features

Lot Frontage 43.60
Jumpid 16270437
Mls 40169303

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in K7K 2Z5

Price
AVG $1.25M
$1.25M
Visits
AVG 76
79
Walkscore
AVG 93
93
Data Provided by Walkscore ® not using MLS data