46
$2,375,000 Sale
Listed 29 days ago
442 Macdonnell Street
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Listing History
Buy/Sell/Terminated/Expired listing history for 442 Macdonnell Street
Key Facts
Key facts for 442 Macdonnell Street
Property Type
Commercial
Parking
None
MLS #
X13778214
Size
-
Basement
-
Listed on
2026-09-13
Lot size
34 x 67.4
Tax
$20,636 /yr
Days on Market
30
Approximate Age
-
Maintenance Fee
-
Description
Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 6 one-bedroom units and 6 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. St...rong Revenue Stream: Generating a solid $186600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. CMHC Mortgage is transferable with certain conditions. The Loan loan term ends in 2029
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Courtesy of: CENTURY 21 LANDUNION REALTY INC.