271 Macdonnell Street Kingston, Ontario K7L 4C4
$1,499,990
**Attention Savvy Investors** This is your chance to create generational wealth with this spectacular purpose built turnkey student rental property 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 8 Beds & 3 Baths to this cash flow machine. FEATURES INCLUDE: 2 Kitchens w/3rd roughed in, 5 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, 3 Wall A/C's, 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, Dryer, Microwave, Refrigerator, Stove, Washer |
| 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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July 21 2022 09:09:19
REALTORS® Association of Hamilton-Burlington
RE/MAX Escarpment Realty Inc.