380 Barrie Street

ActiveKingston · 22 - East of Sir John A. Blvd3 days on marketMLS® X13692602

$929,000

$413 / sq ft

Bedrooms8

Bathrooms4

Interior2,250 sq ft

TypeCommercial

ListingFor Sale

Days on Market3

About this property

7.5 NET CAP RATE | $78,000 GROSS ANNUAL INCOME | TURN-KEY DUPLEX. An exceptional investment opportunity offering a strong 7.5 net cap rate, this recently updated duplex generates $78,000 in annual gross rental income and is ideally located just steps from the downtown core and within easy walking distance to Queen's University. Each spacious unit features four bedrooms, 2 full bathrooms, large principal rooms, and in-suite laundry, creating a highly desirable rental offering in a proven student and professional rental location. The well-maintained property offers parking for three vehicles, with additional upside potential through the future monetization of the parking spaces. New leases are in place through the end of April 2027(with the high possibility of both units renewing), providing investors with stable, secured income and immediate cash-flow potential. The current owners have enjoyed zero vacancy throughout their ownership, highlighting the property's strong tenant demand and desirable location. Additional recent improvements include a new roof installed in 2024. With a 7.5 NET CAP RATE, established rental income, secured tenancy, zero vacancy history, and further potential to increase future revenue, this is a compelling turn-key investment opportunity for investors seeking strong, reliable cash flow. Unit 1 $3200/month plus tenants pay for utilities, Unit 2 $3300/month and tenants pay for utilities. The sellers are currently in the process of installing a new sink and shower unit and new stackable washer/dryer in unit 1.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13692602
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	2,250 sq ft
Beds / Baths	8 bed · 4 bath
Neighbourhood	22 - East of Sir John A. Blvd
City	Kingston
Postal Code	K7K 3T4
Province	ON
Listed Date	August 19, 2026
Days on Market	3
Price per Sq Ft	$413
Brokerage	SUTTON GROUP-MASTERS REALTY INC., BROKERAGE