378 BARRIE STREET, Kingston (East of Sir John A. Blvd)

$559,000

For sale: Semi-Detached/Link

Semi-Detached/Link at 378 BARRIE STREET, Kingston (East of Sir John A. Blvd)
Property type
Semi-Detached
Bedrooms / bathrooms
5 bedrooms, 2 bathrooms
Living area
1,500 sqft
MLS®
MLS® X13736054
Neighbourhood
22 - East of Sir John A. Blvd

6.8% Net Cap Rate with Additional Income Upside. An exceptional turnkey investment opportunity with $43,200 in annual gross rental income and a 6.8% net cap rate, with further potential to increase revenue. The property is currently rented as a 4-bedroom student rental at $3,600 per month plus tenants pay utilities, with a lease in place until the end of April 2027 with the high possibility of these tenants renewing their leases. Located within walking distance of downtown Kingston and Queen's University, this property benefits from a highly desirable location and consistent demand for student housing. The property has been well maintained and consistently occupied, offering investors immediate income while providing clear upside potential. With the existing four-bedroom configuration generating a 6.8% net cap rate, the opportunity to add rental income through the currently unused bedroom, potential dining-room conversion, and parking space creates the potential for an even stronger return over time. There is meaningful opportunity to increase the property's income beyond the current $43,200 annual rent. The home includes a fifth, smaller bedroom on the second floor that is not currently being rented, along with the potential to convert the existing dining room into an additional bedroom. There is also one dedicated parking space that could potentially be monetized separately. These opportunities provide investors with several avenues to enhance future rental income with relatively modest improvements. Laundry is located in the lower level full height basement.

Sold data

Semi-Detached/Link homes in Kingston (East of Sir John A. Blvd) — recent sold market

Semi-Detached/Link homes in Kingston (East of Sir John A. Blvd) took a median of 22 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 47, across 48 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 Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 36 days.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 $516,400.

Homes sold for about 2.4% below asking on average, so there was room to negotiate.

About 15% of sales closed above the list price.

Around 21% of sellers reduced their price before finding a buyer.

Median days to sell
22
Median sale price
$516,400
Sale-to-list ratio
97.6%
Sold above asking
15%

Based on 48 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. 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 378 BARRIE STREET