Kingston, ON
442 Macdonnell Street
$2,375,000
Data last updated Oct 28, 2026, 1:40 a.m. ET. By using this site you agree to our Terms of Use.
Property facts
- Price
- $2,375,000
- Type
- investment
- Bedrooms
- 0
- Bathrooms
- 0
- Size
- 1,883.68 sq ft
- MLS®
- X13778214
- Status
- active
- Brokerage
- CENTURY 21 LANDUNION REALTY INC.
About this home
Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 6 one-bedroom units and 6 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $186600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. CMHC Mortgage is transferable with certain conditions. The Loan loan term ends in 2029