$695,000
For sale: Multiplex

Exceptional investment opportunity in a highly desirable downtown location, just minutes from Queen's University, major hospitals, and within easy walking distance of downtown amenities, restaurants, shops, and services. This well-positioned fourplex offers a proven rental history and has never experienced a vacancy, making it an excellent choice for investors seeking strong and consistent rental demand. The property is configured with two 1-bedroom units, one additional 1-bedroom unit, and one bachelor unit, and is currently fully rented. With its central location and strong demand from students, hospital staff, professionals, and downtown residents, this property offers excellent tenant appeal and reliable income potential. There are no issues with renting the units, providing an investor with a turnkey opportunity in a highly sought-after area. Nice sized parking lot as well which is appealing to renters.
Sold data
Multiplex homes in Kingston (East of Sir John A. Blvd) took a median of 25 days to sell over the last 365 days, with the quickest quarter selling within 17 days and the slowest quarter taking more than 48, across 44 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 57 days.
The median sale price was $782,400.
Homes sold for about 3.2% below asking on average, so there was room to negotiate.
About 5% of sales closed above the list price.
Around 14% of sellers reduced their price before finding a buyer.
Based on 44 recorded sales in the last 1 year — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Schools
Kingston (East of Sir John A. Blvd) has 38 Fraser Institute–rated schools (29 elementary and 9 secondary), averaging 5.8/10.
School ratings from the Fraser Institute's Ontario school report cards.
Currently for sale

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