335-339 BARRIE Street
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$5,750,000 Sale
Listed 31 days ago
· 18
· 12.0
· 7
· 10883
Key Facts
Key facts for 335-339 BARRIE Street
Property Type
1 garage, 7 parking
10883 sqft
Listed on
Lot size
Days on Market
Year Built
Maintenance Fee
Rare opportunity to acquire a purpose-built student rental property in a prime downtown location in Kingston, Ontario. The subject property features 12 residential units, comprising (6) 2-bed units and (6) 1+1-bed units, along with (1) ground floor commercial unit, which is leased on a triple-net ba...sis to a well-established yoga studio until 2029. Conveniently situated 600m from Queen's University's main campus, the 12 residential units are currently occupied by Queen's University students which provide the opportunity to adjust rents to market upon natural turnover. Built in 2009, the property offers contemporary construction, curb appeal, while simultaneously providing a new owner with a potential value enhancement opportunity through cosmetic updates to the residential units. Gross annual income of approximately $381,000 CAD. The assumable CMHC mortgage secured at well-below prevailing interest rates until 2028 provides a prospective purchaser the opportunity to acquire this building today, at yesterday's rates. (id:10452)
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Listing courtesy of: Sutton Group-Masters Realty Inc Brokerage
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