138 CHATHAM STREET, Kingston (East of Sir John A. Blvd)

$775,000

For sale: Multiplex

Multiplex at 138 CHATHAM STREET, Kingston (East of Sir John A. Blvd)
Property type
Duplex
Bedrooms / bathrooms
6 bedrooms, 3 bathrooms
Living area
2,000 sqft
MLS®
MLS® X13679136
Neighbourhood
22 - East of Sir John A. Blvd

Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until April 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential.

Sold data

Homes in East Of Sir John A Blvd — recent sold market

Homes in East Of Sir John A Blvd took a median of 22 days to sell over the last 365 days, with the quickest quarter selling within 12 days and the slowest quarter taking more than 48, across 148 recorded sales.

That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.

The median sale price was $499,900.

Homes sold for about 2.6% below asking on average, so there was room to negotiate.

About 18% of sales closed above the list price.

Around 16% of sellers reduced their price before finding a buyer.

Median days to sell
22
Median sale price
$499,900
Sale-to-list ratio
97.4%
Sold above asking
18%

Based on 148 recorded sales in the last 1 year. Aggregate statistics only; individual sale prices are not shown.

Schools

Schools in Kingston (East of Sir John A. Blvd)

Kingston (East of Sir John A. Blvd) has 38 Fraser Institute–rated schools (29 elementary and 9 secondary), averaging 5.8/10.

Rated schools
38
Elementary
29
Secondary
9
Average rating
5.8 / 10

Top-rated schools in Kingston (East of Sir John A. Blvd)

  • R Gordon Sinclair — elementary, KingstonFraser rating 8.2/10
  • Monseigneur Rémi-Gaulin — elementary, KingstonFraser rating 7.8/10
  • Rideau — elementary, KingstonFraser rating 7.8/10
  • Archbishop O'Sullivan — elementary, KingstonFraser rating 7.7/10
  • Madeleine-de-Roybon — elementary, KingstonFraser rating 7.7/10
  • Winston Churchill — elementary, KingstonFraser rating 7.7/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 138 CHATHAM STREET