REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 4,750,000
Est. payment | /mo
$ 4,750,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision 23 - Rideau
MLS Listing ID X13124720
Annual Tax Amount $56,973
Tax Year 2025
Property Sub-Type Investment
Property Description
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
Province ON
County Frontenac
Area Frontenac
Interior
Cooling No
Exterior
Utilities Available Yes
Lot Frontage 135.05
Lot Depth 295.16
Others
ParcelsYN No
Listed by RE/MAX RISE EXECUTIVES, BROKERAGE
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "