$550,000
Available - For Sale
Listing ID: X9005222
442-444 Montreal St , Kingston, K7K 3H7, Ontario
| Approx. going-in cap rate of 6.2% @ $137k/unit. 4x 1-bedroom units, approx. 700 sqft each. An add-value investors ideal next project. Approx. 31% lift on overall rent roll once stabilized. Hydro is separately metered; however, the landlord currently pays - opportunity to pass this expense to tenants in the future to decrease overall expenses and increase NOI. Steel Roof (2014) , Furnace (2021). 3 Parking spots. |
| Price | $550,000 |
| Taxes: | $5647.00 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 442-444 Montreal St , Kingston, K7K 3H7, Ontario |
| Postal Code: | K7K 3H7 |
| Province/State: | Ontario |
| Legal Description: | PT FARM LT 1 CON WEST GREAT CATARAQUI RI |
| Lot Size: | 56.08 x 105.04 (Feet) |
| Directions/Cross Streets: | Montreal St. & Thomas St. |
| Category: | Apartment |
| Building Percentage: | Y |
| Total Area: | 4908.34 |
| Total Area Code: | Sq Ft |
| Taxes Expense: | $5647 |
| Insurance Expense: | $1987 |
| Heat Expenses: | $3106 |
| Hydro Expense: | $2414 |
| Water Expense: | $6427 |
| Year Expenses: | 2024 |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 4 |
| Heat Type: | Elec Forced Air |
| Central Air Conditioning: | N |
| Water: | Municipal |
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| MYSAK REALTY INC. |
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Mina Nourikhalichi
Broker
Dir:
416-882-5419
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Frontenac |
| Municipality: | Kingston |
| Lot Size: | 56.08 x 105.04(Feet) |
| Tax: | $5,647 |
| Baths: | 4 |
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