About this property

Purpose-built fourplex in a great location on Albert Street, south of Princess Street and close to Queen's Main Campus, transit, shopping, restaurants and parks. The location has consistently supported very strong rental demand, with tenants primarily being full-time Queen's University students.The building contains three 2-bedroom apartments and one 3-bedroom apartment, each with a full 4-piece bath. Exceptionally well maintained throughout, the property features a central entrance and stairwell serving all four units, common coin-operated laundry, storage spaces and four on-site parking spaces. Apartments are separately metered for ESA approved hydro meters, which is paid by the tenants. Common owner expenses are water and sewer, common-area electricity (entrance, exterior, laundry) and shared internet. Projected annual operating income is approximately $111,400, with operating expenses of approximately $11,300 and projected NOI of approximately $100,100 before repairs, maintenance, vacancy and capital expenditures. A straightforward, well-kept income property with established rental demand and limited owner-paid operating costs. There is the possibility of owner occupancy at this time. Full financials are available upon request.

Features & finishes

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Air Conditioning

Basement

Property details

MLS® Number	X13671314
Status	Active
Listing Type	For Sale
Property Type	Multi-Family
Interior Size	1,500 sq ft
Beds / Baths	9 bed · 4 bath
Neighbourhood	14 - Central City East
City	Kingston
Postal Code	K7L 3W3
Province	ON
Listed Date	August 13, 2026
Days on Market	5
Price per Sq Ft	$866
Brokerage	SUTTON GROUP-MASTERS REALTY INC., BROKERAGE