- Ontario
- Kingston
423 Palace Rd
CAD$999,999 Sale
423 Palace RdKingston, Ontario, K7L4T5
3+234| 2000 sqft
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ID40470034
StatusCurrent Listing
Ownership TypeFreehold
TypeResidential House,Detached
RoomsBed:3+2,Bath:3
Square Footage2000 sqft
Land Sizeunder 1/2 acre
Age
Listing Courtesy ofRe/Max Rise Executives, Brokerage
Detail
Building
Bathroom Total3
Bedrooms Total5
Bedrooms Above Ground3
Bedrooms Below Ground2
Basement DevelopmentFinished
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
Utility WaterMunicipal water
Basement
Basement TypeFull (Finished)
Land
Size Total Textunder 1/2 acre
Acreagefalse
SewerMunicipal sewage system
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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Location
Province:
Ontario
City:
Kingston
Community:
Central City West
Room
Room
Level
Length
Width
Area
4pc Bathroom
Second
NaN
Measurements not available
Kitchen/Dining
Second
3.56
4.19
14.92
11'8'' x 13'9''
Living
Second
3.48
4.98
17.33
11'5'' x 16'4''
Bedroom
Second
3.45
4.98
17.18
11'4'' x 16'4''
Foyer
Lower
2.24
2.90
6.50
7'4'' x 9'6''
Laundry
Lower
1.68
2.59
4.35
5'6'' x 8'6''
4pc Bathroom
Lower
1.63
2.03
3.31
5'4'' x 6'8''
Kitchen
Lower
3.30
3.07
10.13
10'10'' x 10'1''
Living
Lower
4.19
4.27
17.89
13'9'' x 14'0''
Bedroom
Lower
3.40
5.89
20.03
11'2'' x 19'4''
Bedroom
Lower
4.01
2.79
11.19
13'2'' x 9'2''
4pc Bathroom
Main
NaN
Measurements not available
Dining
Main
0.53
4.67
2.48
1'9'' x 15'4''
Living
Main
4.47
3.25
14.53
14'8'' x 10'8''
Kitchen
Main
3.48
3.00
10.44
11'5'' x 9'10''
Bedroom
Main
4.57
3.38
15.45
15'0'' x 11'1''
Bedroom
Main
3.53
6.05
21.36
11'7'' x 19'10''