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271 Macdonnell Street Kingston, Ontario K7L 4C4

2167 sqft
2 Level, Multi-Unit Fireplace Wall Unit Baseboard Heaters, Radiant Heat

$1,449,990

**Attention Savvy Investors** This is your chance to create generational wealth with this spectacular purpose built turnkey student rental property with ~3500 of finished living space and generating 111k in annual rents (Fully Leased). 9 minutes to Queens U and fantastic area amenities. Main house features 4 Beds 2 Baths with BRAND NEW LEGAL addition adding 5 Beds + 3 Dens & 3 Baths to this cash flow machine. FEATURES INCLUDE: 2 Kitchens, 1 Kitchenette, w/4th roughed in, 4 Fridges, 2 Stoves, 2 microwaves, 3 laundry pairs, 2 TV's, 2 decks, detached garage, 3 water heaters (owned), 2 electrical panels w/sub panel, carpet free with hardwood/vinyl/ceramic flooring, glass showers, electric fireplace, & select furniture. Very efficient as tenants pay all utilities due to separate hydro meters, heated flooring, and electric baseboards all with separate thermostats. Very low operating and capital costs make this a cornerstone property for a first time investor or a pinnacle addition to any portfolio. (id:34868)

Business

Business Type Residential
Business Sub Type Residential

Property Details

MLS® Number H4141563
Property Type Multi-family
Amenities Near By Public Transit, Recreation, Schools
Community Features Community Centre
Equipment Type None
Features Park Setting, Park/reserve, Paved Driveway, Sump Pump
Parking Space Total 5
Rental Equipment Type None

Building

Appliances Dishwasher, Microwave, Refrigerator, Stove
Architectural Style 2 Level, Multi-unit
Basement Development Finished
Basement Type Full (finished)
Construction Style Attachment Detached
Cooling Type Wall Unit
Exterior Finish Brick, Metal
Fire Protection Smoke Detectors
Fireplace Fuel Electric
Fireplace Present Yes
Fireplace Type Other - See Remarks
Foundation Type Block
Heating Fuel Electric
Heating Type Baseboard Heaters, Radiant Heat
Stories Total 2
Size Exterior 2167 Sqft
Size Interior 2167 Sqft
Type Apartment
Utility Water Municipal Water

Parking

Detached Garage

Land

Acreage No
Land Amenities Public Transit, Recreation, Schools
Sewer Municipal Sewage System
Size Depth 119 Ft
Size Frontage 38 Ft
Size Irregular 38 X 119
Size Total Text 38 X 119|under 1/2 Acre

https://www.realtor.ca/real-estate/24671476/271-macdonnell-street-kingston

Interested?

Contact us for more information


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Rick Pritchard
Broker

519-878-1381

Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B

519-381-3499

Janelle Pritchard
Sales Representative

-

519-902-1757

Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B

519-381-3499

Denise Mann
Sales Representative

-

519-691-5635
https://onesmartmove.ca

Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B

519-381-3499

Phillip Hallman
Broker

-

519-709-8903
https://onesmartmove.ca/

Exp Realty
380 Wellington Street, Tower B, 6th Floor
London, ON N6A 5B

519-381-3499