Button CopyPathCircle CloseCircle Left ArrowArrow Down Icon GreyClosecirclecircleBurger
Image 1
Image 2
Image 3
$2,375,000

48 STEPHEN STREET, Kingston (East of Sir John A. Blvd), Ontario, K7K 2C3

MLS® # X12703412

Kingston (East Of Sir John A. Blvd) ON, K7K 2C3

MLS® # X12703412

Property Information:

Well-located 12-unit apartment building in Kingston's highly sought-after Inner Harbour District. The property generates a current NOI of $106,803 and is approximately 21% under-rented across the building, offering immediate and measurable upside through rent optimization. The building is in good overall condition, with several capital improvements already completed. Rents are inclusive, with landlord-paid utilities, creating potential for future expense optimization. On-site parking enhances tenant appeal and long-term stability. This asset qualifies for CMHC MLI-Select-style financing, making it an attractive opportunity for investors seeking leverage, income growth, and a strong downtown location with limited multi-residential supply. Full financials, rent roll, and supporting documentation are available in the data room. Serious buyers are encouraged to review the materials to fully understand the income upside and financing potential. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 10000 sqft
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 10000 Square Feet
  • Irregular: Yes
  • Lot Depth: 141.2 Feet
  • Lot Frontage: 57.7 Feet
  • Lot Size: 57.72 x 141.18 FT
  • Zoning: UR5
  • Sewer: Sanitary sewer

Courtesy of: RE/MAX RISE EXECUTIVES, BROKERAGE

REALTOR.ca  

Potential Investment Performance

There is not enough data on this property to provide a potential investment performance at this time, please click the button below for an in-person valuation

Location of 48 STEPHEN STREET, Kingston (East of Sir John A. Blvd), Ontario, K7K 2C3

Demographic Information of 48 STEPHEN STREET, Kingston (East of Sir John A. Blvd), Ontario, K7K 2C3

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$74,857.34

Average Number of Children

1.54

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.02 %

High school certificate or equivalent

35.32 %

Apprenticeship trade certificate/diploma

4.45 %

College/non-university certificate

21.53 %

University certificate (below bachelor)

0.35 %

University Degree

16.32 %

Commuter

Travel To Work

By Car

76.02 %

By Public Transit

7.12 %

By Walking

11.83 %

By Bicycle

0.57 %

By Other Methods

4.46 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.55 %

Houses

58.45 %

Own Vs. Rent