About this property

Well-located 12-unit apartment building in Kingston's highly sought-after Inner Harbour District. The property generates a current NOI of $106,803 and is approximately 21% under-rented across the building, offering immediate and measurable upside through rent optimization. The building is in good overall condition, with several capital improvements already completed. Rents are inclusive, with landlord-paid utilities, creating potential for future expense optimization. On-site parking enhances tenant appeal and long-term stability. This asset qualifies for CMHC MLI-Select-style financing, making it an attractive opportunity for investors seeking leverage, income growth, and a strong downtown location with limited multi-residential supply. Full financials, rent roll, and supporting documentation are available in the data room. Serious buyers are encouraged to review the materials to fully understand the income upside and financing potential.

Features & finishes

View

Air Conditioning

Basement

Property details

MLS® Number	X12703412
Status	Active
Listing Type	For Sale
Property Type	Commercial
Interior Size	10,000 sq ft
Beds / Baths	0 bed · 0 bath
City	Kingston
Postal Code	K7K 2C3
Province	ON
Listed Date	March 3, 2026
Days on Market	157
Price per Sq Ft	$238
Brokerage	RE/MAX RISE EXECUTIVES, BROKERAGE