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$2,315,000

237 MOWAT AVENUE, Kingston (Central City West), Ontario, K7M 1K6

MLS® # X11922478

Property Information:

237 Mowat Avenue is a property of eight beautifully renovated apartments containing a total of 11 bedrooms, fully leased, on a site-specific zoned lot recognizing an 8-unit multiplex, strategically located in the historic district of Portsmouth Village/Mowat Woods, with close proximity to Queens University West Campus, Providence Care Hospital and St Lawrence College. The attractive, farmhouse style architecture building, on a large property situated on a public transit route with bus stops directly in the front giving easy access to KHSC and Queens Main campus only minutes away. Centrally located, 237 Mowat has a very walkable score of 74 making it easy for most errands to be accomplished on foot and a very bikeable score of 83 providing the tenants a healthy option for personal transportation and exercise. The proximity to numerous institutions provides strong rental demand, is always rented with excellent cash flow and steady long-term returns. Averaging a 24-month turnover the ability to adjust rents with greater frequency increases profitability at an accelerated rate. The location is an upscale, single-family neighborhood, minutes walk to the business district of Portsmouth Village and Lake Ontario waterfront. The surroundings and area bestow the occupants, who are primarily postgraduates or young professionals, with plenty of park like green space and a tranquil, relaxed way of living. There are eight attractive, self-contained units of 5 one-bedroom 1 bath suites, 2 two-bedroom 1 bath flats and a two-bedroom 2 bath bi-level apt each with private entrances, and a parking lot and common coin laundry. Appealing to a broad demographic of renters, updated and well maintained with many recent site improvements, this is a rare offering having an excellent ROI that would be a strong and secure compliment to any real-estate investment portfolio! (id:7525)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Amenities: Separate Heating Controls, Separate Hydro Meters
  • Basement Development: Partially finished
  • Basement Type: N/A
  • Exterior Finish: Vinyl siding
  • Fire Protection: Smoke Detectors
  • Floor Space: 4999.958 - 99999.6672 sqft
  • Foundation Type: Block, Stone
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Appliances: Dryer, Microwave, Stove, Washer, Refrigerator

Property Features:

  • Property Type: Multi-family
  • Bedrooms: 11
  • Bathrooms: 9
  • Half Bathrooms: 1
  • Amenities Nearby: Hospital, Park, Public Transit
  • Features: Lighting, Sump Pump
  • Floor Space (approx): 4999.958 - 99999.6672 Square Feet
  • Irregular: Yes
  • Lot Depth: 195.0 Feet
  • Lot Frontage: 70.0 Feet
  • Lot Size: 70 x 195 FT
  • Structure Type: Porch
  • Surface Water:
  • Zoning: UR7 legacy exemption L450
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 8

Location of 237 MOWAT AVENUE, Kingston (Central City West), Ontario, K7M 1K6

Demographic Information of 237 MOWAT AVENUE, Kingston (Central City West), Ontario, K7M 1K6

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$87,149.63

Average Number of Children

1.59

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

16.83 %

High school certificate or equivalent

34.16 %

Apprenticeship trade certificate/diploma

3.74 %

College/non-university certificate

20.44 %

University certificate (below bachelor)

1.73 %

University Degree

23.09 %

Commuter

Travel To Work

By Car

67.77 %

By Public Transit

21.24 %

By Walking

5.34 %

By Bicycle

2.78 %

By Other Methods

2.87 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

47.0 %

Houses

53.0 %

Own Vs. Rent