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Key Facts
Key facts for 271-273 Rideau Street
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 4 parking
MLS #
X12146864
Size
3000-3500 sqft
Basement
Full
Listed on
2025-05-14
Lot size
46 x 106.0
Tax
$7,243.77 /yr
Days on Market
114
Approximate Age
100+
Maintenance Fee
-
Description
Seize this rare chance to elevate your investment portfolio! This exceptional 5-unit semi-detached building is located just steps away from the vibrant historic downtown Kingston. This property boasts two spacious 3-bedroom units, two generous 2-bedroom units, and a cozy 1-bedroom unit all designed... without carpets for a fresh and airy atmosphere. Enjoy the convenience of a large parking lot situated behind the building for your tenants. The property has seen numerous updates, including modern flooring throughout, select window replacements, and a brand-new roof installed in 2018. Its truly a turnkey investment, currently generating an impressive monthly rental income of $7,910.35 (with tenants covering their own hydro), resulting in a robust gross annual net income of $94,924.20. Conveniently located within walking distance of public transport, parks, schools, and just blocks away from all the shops, entertainment, and dining options that historic downtown Kingston has to offer, this is an opportunity you wont want to overlook!
