CAD$xxx,xxx

423 PALACE Road

Kingston, Ontario, K7L4T5

Sale

3+234| 2000 sqft

Listing information last updated on Fri Aug 18 2023 11:31:41 GMT-0400 (Eastern Daylight Time)

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Summary

ID40470034
StatusSale
Ownership TypeFreehold
Brokered ByRe/Max Rise Executives, Brokerage
TypeResidential House,Detached
Age
Land Sizeunder 1/2 acre
Square Footage2000 sqft
RoomsBed:3+2,Bath:3
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Detail

Building
Bathroom Total3
Bedrooms Total5
Bedrooms Above Ground3
Bedrooms Below Ground2
Architectural Style2 Level
Basement DevelopmentFinished
Basement TypeFull (Finished)
Construction Style AttachmentDetached
Cooling TypeCentral air conditioning
Exterior FinishVinyl siding
Fireplace PresentFalse
Fire ProtectionSmoke Detectors
Heating FuelNatural gas
Heating TypeForced air
Size Interior2000.0000
Stories Total2
TypeHouse
Utility WaterMunicipal water
Land
Size Total Textunder 1/2 acre
Acreagefalse
SewerMunicipal sewage system
Surrounding
Location DescriptionBath Road,south on Palace Road
Zoning DescriptionUR5
BasementFinished,Full (Finished)
FireplaceFalse
HeatingForced air

Remarks

Sellers Overview: Williamsville, Kingston legal triplex with rental agreements in place. August rents: 2400+2500+2620 a month = $7,520. Fully furnished units, this 2x2br, 1x1br has a near zero vacancy rate due to its proximity to Queens and hospitals. Frequently rented by physicians, foreign grad students and post-doc students. Turn key operation showing an attractive 7.9% cap rate. Has been managed nearly exclusively online with tools available and offers self-check-in with keyless locks, making this investment perfect for an investor looking to DIY it, but not so much in person, to keep overhead costs down. A solar hot water heater, vinyl windows and upgraded insulation, means the utility bills are much lower than you’d expect. Numerous upgrades have been done. Low maintenance inside and out. Present owner has a housekeeper and inexpensive lawn and snow services in place, that are transferable if you wish. Typical tenancies are 1 yr or so, allowing for rent increases annually to keep pace with the rising market prices. (id:22211)

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The listing data is deemed reliable but is not guaranteed accurate by Canada Real Estate Association nor RealMaster.

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Location

Province:
Ontario
City:
Kingston
Community:
Central City West
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Nearby Amenities
Community

Room

Room
Level
Length
Width
Area
4pc Bathroom
Second
NaN
Measurements not available
Kitchen/Dining
Second
11.68
13.75
160.56
11'8'' x 13'9''
Living
Second
11.42
16.34
186.54
11'5'' x 16'4''
Bedroom
Second
11.32
16.34
184.93
11'4'' x 16'4''
Foyer
Lower
7.35
9.51
69.92
7'4'' x 9'6''
Laundry
Lower
5.51
8.50
46.84
5'6'' x 8'6''
4pc Bathroom
Lower
5.35
6.66
35.62
5'4'' x 6'8''
Kitchen
Lower
10.83
10.07
109.05
10'10'' x 10'1''
Living
Lower
13.75
14.01
192.58
13'9'' x 14'0''
Bedroom
Lower
11.15
19.32
215.56
11'2'' x 19'4''
Bedroom
Lower
13.16
9.15
120.43
13'2'' x 9'2''
4pc Bathroom
Main
NaN
Measurements not available
Dining
Main
1.74
15.32
26.64
1'9'' x 15'4''
Living
Main
14.67
10.66
156.37
14'8'' x 10'8''
Kitchen
Main
11.42
9.84
112.38
11'5'' x 9'10''
Bedroom
Main
14.99
11.09
166.27
15'0'' x 11'1''
Bedroom
Main
11.58
19.85
229.88
11'7'' x 19'10''