418 COLLEGE STREET, Kingston (Central City East)

$1,049,000

For sale: Multiplex

Multiplex at 418 COLLEGE STREET, Kingston (Central City East)
Property type
Triplex
Bedrooms / bathrooms
8 bedrooms, 3 bathrooms
Living area
2,500 sqft
MLS®
MLS® X14109912
Neighbourhood
14 - Central City East

Incredible Value for this Purpose - built, legal triplex in superb condition - perfect for either owner-occupied with income or to add to your investment portfolio. With a fantastic downtown, south side location & ideally situated in a beautiful, mature neighbourhood, this very well maintained and upgraded triplex is truly turnkey. Fully leased, and with hardwood throughout, it provides rental income immediately for a seamless and solid investment opportunity. The property consists of 2 very large 3 bedroom units on the main & upper floors and a 2 bedroom on the lower level. The main & upper level have mirrored layouts with a spacious & bright living / dining area with oversized windows, updated kitchen, 3 generously sized bedrooms and a 4 piece bath. The ceiling on the main floor unit has been soundproofed and has been owner occupied. Lower level has full sized windows, updated kitchen, good sized living room/ dining room and a 4 piece bath. Plenty of parking and a 2 car detached garage on this large lot. Shared coin operated laundry in lower level and dishwashers in each unit. Recent updates to this impressive turnkey property include: New Furnace, Upgraded Electrical panel to 200 AMP, Central Air Conditioning and the triplex just had a new asphalt shingles applied to the roof.All units has been freshly painted when needed. Excellent return & cap rate. Ideally located between Queen's University, St Lawrence College and the Teacher's College , Restaurants, Coffee shops/ Cafes, Grocery, Pharmacy, Entertainment and all amenities, this property attracts quality tenants and ensures consistent returns. This is a solid turn key Triplex in a incredible prime neighbourhood location - this is a must see! Don't miss out on this great opportunity! Check out the Virtual Tour link - IGuide to see this amazing Triplex.This is the one you've been waiting for - Schedule your viewing today.

Sold data

Homes in Central City East — recent sold market

Homes in Central City East took a median of 33 days to sell over the last 90 days, with the quickest quarter selling within 11 days and the slowest quarter taking more than 60, across 42 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 48 days.

The median sale price was $697,450.

Homes sold for about 4.2% below asking on average, so there was room to negotiate.

About 12% of sales closed above the list price.

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

Median days to sell
33
Median sale price
$697,450
Sale-to-list ratio
95.8%
Sold above asking
12%

Based on 42 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 (Central City East)

Kingston (Central City East) 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 (Central City East)

  • 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 418 COLLEGE STREET