$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 2-bedroom units, one 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
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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.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.
Based on 148 recorded sales in the last 1 year. 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

$599,900
Multiplex10-12 MANITOU CRESCENT, 54 - Amherstview, Loyalist

$775,000
Multiplex138 CHATHAM STREET, 22 - East of Sir John A. Blvd, Kingston

$799,900
Detached700 MELROSE STREET, 35 - East Gardiners Rd, Kingston

$699,900
Detached912 PURDY MILLS ROAD, 25 - West of Sir John A. Blvd, Kingston

$725,000
Detached542 DAVIS DRIVE, 35 - East Gardiners Rd, Kingston

$974,900
Detached617 RIVERMEADE AVENUE, 35 - East Gardiners Rd, Kingston

$574,900
Detached211 TORONTO STREET, 14 - Central City East, Kingston

$689,900
Detached236 LANGFIELD STREET, 42 - City Northwest, Kingston