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Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Sold
Purchase Type For Sale
Square Footage 2,259 sqft
Price per Sqft $258
Subdivision Central City West
MLS Listing ID X9024295
Sold Date 01/16/24
Style 1 1/2 Storey
Bedrooms 4
Annual Tax Amount $4,785
Tax Year 2023
Property Sub-Type Detached
Property Description
This remarkable property presents a unique blend of versatility and convenience, making it an ideal choice for various living arrangements. Perfect as a single-family home, it offers ample space for the entire family, complemented by an awesome backyard, ensuring a comfortable and enjoyable living experience.
Strategically situated between Union St and Johnson St, the property lies in the sweet spot between Queen's University's main and west campuses. This prime location allows easy access to both campuses, whether by walking, biking, busing, or driving, making it an excellent option for university attendees. Additionally, its proximity to the Kingston Centre and downtown area ensures that grocery stores and all other amenities are just a stone's throw away.
For those looking at investment opportunities, the property currently functions as a 2-Unit Home. This setup offers flexibility: you can opt to live in one unit while renting out the other, effectively offsetting your mortgage. Alternatively, it can be a straight investment, renting out both units. The estimated market rents for each unit stand at $2,600 per month, projecting a total potential revenue of $5,200 per month. Unit 1, at the front, is freshly vacant and ready for new occupants, while Unit 2, located at the rear, is currently occupied on a month-to-month basis at $1,640 per month.
For those wishing to owner-occupy the home, a minimum of two months' notice is required for vacant possession, should it be needed for themselves or an immediate family member.
This property is not just a dwelling; it's an investment that promises ease and profitability. With no additional work required, you can simply move in and start reaping the benefits of this versatile and well-maintained investment.
Location
Province ON
County Frontenac
Community Central City West
Area Frontenac
Zoning RES
Rooms
Basement Finished, Partial Basement
Kitchen 2
Separate Den/Office 1
Interior
Cooling Central Air
Fireplaces Number 1
Fireplaces Type Living Room
Laundry Ensuite
Exterior
Pool None
Community Features Public Transit, Park
Roof Type Fibreglass Shingle
Lot Frontage 55.0
Lot Depth 131.0
Exposure East
Total Parking Spaces 4
Building
Building Age 51-99
Foundation Block
New Construction false
Others
Senior Community No
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