579 MACDONNELL STREET, Kingston (East of Sir John A. Blvd)
$495,000
For sale: Detached
- Property type
- Single Family
- Bedrooms / bathrooms
- 6 bedrooms, 2 bathrooms
- Living area
- 1,500 sqft
- MLS number
- MLS® X12639710
- Neighbourhood
- 22 - East of Sir John A. Blvd
All brick legal duplex with amazing income potential in the highly desirable Kingscourt area. Upper level includes 3 spacious bedrooms and 1 full bathroom, with a large living/dining room, separate eat-in kitchen with breakfast area and potential for ensuite laundry. Lower level includes a second self-contained unit with 3 spacious bedrooms and 1 full bathroom, with living room and ensuite laundry room and 2 separate entrances. Large backyard in the rear with a detached single car garage as well as a parking pad in the front for 2 additional cars. Upper level unit currently vacant. Current income from the lower level unit only is $22k+, potential income $55k+ with positive cash flow OR $64k+ as a student rental with over 9% cap rate! Property needs work but a great investment opportunity with excellent value add potential!