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423 Palace Road Kingston, Ontario K7L 4T5

5 Bedroom 3 Bathroom 2000
2 Level Central Air Conditioning Forced Air


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:19488)

Property Details

MLS® Number 40507377
Property Type Single Family
Parking Space Total 4


Bathroom Total 3
Bedrooms Above Ground 3
Bedrooms Below Ground 2
Bedrooms Total 5
Architectural Style 2 Level
Basement Development Finished
Basement Type Full (finished)
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Vinyl Siding
Fire Protection Smoke Detectors
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2000
Type House
Utility Water Municipal Water


Acreage No
Sewer Municipal Sewage System
Size Depth 135 Ft
Size Frontage 50 Ft
Size Total Text Under 1/2 Acre
Zoning Description Ur5


Level Type Dimensions
Second Level 4pc Bathroom Measurements not available
Second Level Kitchen/dining Room 11'8'' x 13'9''
Second Level Living Room 11'5'' x 16'4''
Second Level Bedroom 11'4'' x 16'4''
Lower Level Foyer 7'4'' x 9'6''
Lower Level Laundry Room 5'6'' x 8'6''
Lower Level 4pc Bathroom 5'4'' x 6'8''
Lower Level Kitchen 10'10'' x 10'1''
Lower Level Living Room 13'9'' x 14'0''
Lower Level Bedroom 11'2'' x 19'4''
Lower Level Bedroom 13'2'' x 9'2''
Main Level 4pc Bathroom Measurements not available
Main Level Dining Room 1'9'' x 15'4''
Main Level Living Room 14'8'' x 10'8''
Main Level Kitchen 11'5'' x 9'10''
Main Level Bedroom 15'0'' x 11'1''
Main Level Bedroom 11'7'' x 19'10''


Contact us for more information

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Norm Pengelly

(613) 532-2244

RE/MAX Rise Executives, Brokerage
110-623 Fortune Cres
Kingston, Ontario K7P 0L5

(613) 546-4208

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