Property Information:

This well-maintained all-brick residence offers a compelling investment opportunity for parent buyers and seasoned investors alike. Configured as a five-bedroom student rental in the main home with a self-contained bachelor suite at the rear, the property delivers immediate, stable income with excellent long-term flexibility. The front residence is currently leased at $999 per bedroom, inclusive of heat and hydro, generating $4,995 per month, with all five tenants secured until April 30, 2026. The rear bachelor unit is occupied by a long-term tenant paying $1,075 per month, resulting in a total gross monthly income of $6,070. The main house offers pine hardwood flooring throughout the main floor, a full bathroom on the main level, and a second full bathroom upstairs, providing strong functionality for student living. Bedrooms are spread across two levels with bright common areas and in-suite laundry. The separate rear bachelor suite offers additional income stability. Recent improvements include a newly renovated downstairs bathroom, new carpet upstairs, and updated appliances. Located on a deep lot, the property also offers the rare ability to accommodate up to four vehicles in the backyard, an extremely attractive feature that could add to the monthly income. Ideally positioned near Queen's University, downtown, transit routes, and major amenities, this property continues to perform year after year with consistent tenant demand. A rare opportunity to acquire a high-yield Kingston rental with very strong cash flow, recent updates, and built-in upside. Schedule your viewing today! (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Type: Crawl space
Construction Style - Attachment: Detached
Exterior Finish: Aluminum siding, Brick
Floor Space: 1100 - 1500 sqft
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Dryer, Stove, Washer, Refrigerator

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 5+1
Bathrooms: 3
Amenities Nearby: Hospital, Public Transit, Schools
Community Features: School Bus
Features: Flat site, Dry
Fence Type: Fenced yard
Floor Space (approx): 1100 - 1500 Square Feet
Irregular: Yes
Lot Depth: 132.8 Feet
Lot Frontage: 32.7 Feet
Lot Size: 32.7 x 132.9 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 4

Rooms:

Laundry 2nd Level 1.29 m x 2.51 m
Bedroom 2nd Level 2.57 m x 1.96 m
Bedroom 2nd Level 3.30 m x 3.40 m
Bedroom 2nd Level 2.63 m x 2.69 m
Bedroom 2nd Level 2.65 m x 3.85 m
Bathroom 2nd Level 1.99 m x 1.73 m
Bedroom Main Level 4.72 m x 2.78 m
Bathroom Main Level 1.37 m x 2.35 m
Kitchen Main Level 3.21 m x 2.55 m
Kitchen Main Level 3.35 m x 4.41 m
Primary Bedroom Main Level 3.55 m x 4.06 m
Bedroom Main Level 3.58 m x 3.49 m
Bathroom Main Level 2.37 m x 2.10 m

Convert Measurement to:

Courtesy of: RE/MAX RISE EXECUTIVES, BROKERAGE

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Demographic Information of 480 VICTORIA STREET, Kingston (Central City East), Ontario, K7L 3Z7

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$109,380.06

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

4.39 %

High school certificate or equivalent

40.41 %

Apprenticeship trade certificate/diploma

1.49 %

College/non-university certificate

17.64 %

University Degree

36.07 %

Commuter

Travel To Work

By Car

58.81 %

By Public Transit

5.55 %

By Walking

24.3 %

By Bicycle

3.85 %

By Other Methods

7.49 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

42.13 %

Houses

57.87 %

480 VICTORIA STREET, Kingston (Central City East), Ontario, K7L 3Z7