423 PALACE Road, Kingston, Ontario K7L 4T5
$974,995.00
- 5 bedrooms
- 3 bathrooms
- 2,000 Square Feet
This property checks all the boxes. Are you a parent looking to house your son or daughter at Queens—want to have it paid for? Then this property is for you. Or are you a savvy investor that just wants great returns and a solid investment—we have you covered! Don't be deceived by its modest exterior—423 Palace Road is a fully furnished, turn-key, high performing investment. This property is larger than it looks due to a large addition at the rear. Discover 423 Palace Road—an exceptional, well-maintained legal 3-unit property in the heart of the City. With two 2-bedroom units, one 1-bedroom unit, and close proximity to Queen's University, ... read more
This property checks all the boxes. Are you a parent looking to house your son or daughter at Queens—want to have it paid for? Then this property is for you. Or are you a savvy investor that just wants great returns and a solid investment—we have you covered! Don't be deceived by its modest exterior—423 Palace Road is a fully furnished, turn-key, high performing investment. This property is larger than it looks due to a large addition at the rear. Discover 423 Palace Road—an exceptional, well-maintained legal 3-unit property in the heart of the City. With two 2-bedroom units, one 1-bedroom unit, and close proximity to Queen's University, hospitals, and public transit, it appeals to mature tenants and professionals. Standout features include a 100-gallon owned solar hot water heater, energy-efficient vinyl windows, and upgraded insulation for reduced operational costs. Offering an attractive income stream and with a sought after short-term rental rating, it's ideal for long-term tenants and Airbnb ventures. Don't miss this opportunity with a 7.07% CAP Rate, a projected 6.71% ROI. and with 0% vacancy and fully leased until 2025. (id:25417)
- Listing ID: 40572559
- Property Type: Single Family
Property | |
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Style: | 2 Level |
Ownership: | Freehold |
Lot Size: | Under 1/2 Acre |
Parking: | 4 Spaces |
Building | |
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Type: | Single Family House |
Appliances: | Dryer, Microwave Built-in, Refrigerator, Stove, Washer and Dishwasher |
HVAC: | Central Air Conditioning, Fireplace and Forced Air Natural Gas |
Exterior: | Vinyl Siding |
Basement: | Full (Finished) |
Utilities: | Municipal Sewage System |
Location | |
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City: | Kingston |
Province: | Ontario |
Rooms | Level | Dimensions |
---|---|---|
4pc Bathroom | Second level | Measurements not available |
Kitchen/Dining room | Second level | 11'8'' x 13'9'' |
Living room | Second level | 11'5'' x 16'4'' |
Bedroom | Second level | 11'4'' x 16'4'' |
Foyer | Lower level | 7'4'' x 9'6'' |
Laundry room | Lower level | 5'6'' x 8'6'' |
4pc Bathroom | Lower level | 5'4'' x 6'8'' |
Kitchen | Lower level | 10'10'' x 10'1'' |
Living room | Lower level | 13'9'' x 14'0'' |
Bedroom | Lower level | 11'2'' x 19'4'' |
Bedroom | Lower level | 13'2'' x 9'2'' |
4pc Bathroom | Main level | Measurements not available |
Dining room | Main level | 1'9'' x 15'4'' |
Living room | Main level | 14'8'' x 10'8'' |
Kitchen | Main level | 11'5'' x 9'10'' |
Bedroom | Main level | 15'0'' x 11'1'' |
Bedroom | Main level | 11'7'' x 19'10'' |
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