271 Macdonnell Street Kingston, Ontario K7L 4C4
$1,449,990
**Attention Savvy Investors** This is your chance to create generational wealth with this spectacular purpose built turnkey student rental property with ~3500 of finished living space and generating 111k in annual rents (Fully Leased). 9 minutes to Queens U and fantastic area amenities. Main house features 4 Beds 2 Baths with BRAND NEW LEGAL addition adding 5 Beds + 3 Dens & 3 Baths to this cash flow machine. FEATURES INCLUDE: 2 Kitchens, 1 Kitchenette, w/4th roughed in, 4 Fridges, 2 Stoves, 2 microwaves, 3 laundry pairs, 2 TV's, 2 decks, detached garage, 3 water heaters (owned), 2 electrical panels w/sub panel, carpet free with hardwood/vinyl/ceramic flooring, glass showers, electric fireplace, & select furniture. Very efficient as tenants pay all utilities due to separate hydro meters, heated flooring, and electric baseboards all with separate thermostats. Very low operating and capital costs make this a cornerstone property for a first time investor or a pinnacle addition to any portfolio. (id:47594)
Business
| Business Type | Residential |
| Business Sub Type | Residential |
Property Details
| MLS® Number | H4141563 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit, Recreation, Schools |
| Community Features | Community Centre |
| Equipment Type | None |
| Features | Park Setting, Park/reserve, Paved Driveway, Sump Pump |
| Parking Space Total | 5 |
| Rental Equipment Type | None |
Building
| Appliances | Dishwasher, Microwave, Refrigerator, Stove |
| Architectural Style | 2 Level, Multi-unit |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Construction Style Attachment | Detached |
| Cooling Type | Wall Unit |
| Exterior Finish | Brick, Metal |
| Fire Protection | Smoke Detectors |
| Fireplace Fuel | Electric |
| Fireplace Present | Yes |
| Fireplace Type | Other - See Remarks |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters, Radiant Heat |
| Stories Total | 2 |
| Size Exterior | 2167 Sqft |
| Size Interior | 2167 Sqft |
| Type | Apartment |
| Utility Water | Municipal Water |
Parking
| Detached Garage |
Land
| Acreage | No |
| Land Amenities | Public Transit, Recreation, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 119 Ft |
| Size Frontage | 38 Ft |
| Size Irregular | 38 X 119 |
| Size Total Text | 38 X 119|under 1/2 Acre |
https://www.realtor.ca/real-estate/24671476/271-macdonnell-street-kingston
Interested?
Contact us for more information
Michael Bedioui
Salesperson
HTTP://www.ridgerealtygroup.ca
2180 Itabashi Way Unit 4b
Burlington, Ontario L7M 5A5
(905) 639-7676
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November 12 2022 01:07:04
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Realty Inc.