About this property

Attention Investors and Queen's University Parents! Beautifully kept cash-flowing legal non-conforming triplex in prime downtown Kingston location! Aggressively priced and fully rented with a 7.28% cap rate and immediate cash flow. Unit #1 (1BR): $1,600/month, Unit #3 (1BR): $1,600/month, Unit #2 (2BR): $1,900/month for a total gross income of $61,200 annually. Operating expenses are $12,440 (Taxes: $4,568, Insurance: $2,210, Utilities: $5,662) for an NOI of $48,760 with upside potential to $55,000+ through strategic rent increases. Each unit features in-suite laundry and dedicated parking-a rare combination that commands premium rents. The building is in excellent condition with extensive recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. High ceilings and exposed brick throughout make units highly attractive to tenants. This is a turnkey investment with quality tenants in place, low operating costs, and strong cash flow from day one. Perfect for first-time multi-family investors or experienced landlords looking for a solid performing asset in Kingston's strong rental market. Easy showings available-call, text, or email to book your viewing.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X12888380
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	248 sq ft
Beds / Baths	4 bed · 0 bath
City	Kingston
Postal Code	K7K 4A2
Province	ON
Listed Date	March 16, 2026
Days on Market	143
Price per Sq Ft	$2,701
Brokerage	RE/MAX RISE EXECUTIVES, BROKERAGE