Kingston - 22 - East of Sir John A. Blvd
Kingston - 22 - East of Sir John A. Blvd
Listed For $825,000
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A two-and-a-half storey red-brick triplex in fabulous condition, with good tenants, a bonus studio suite used for overnight rentals, and the whole thing backing onto downtown tennis courts. The cap rate as it’s set up now is almost exactly 7%. That’s probably most of what you need to know, but it breaks down this way: There is a main-floor one-bedroom apartment with its own deck, and at the front of the house is a very pretty short-term suite. These could easily be combined. The second floor has a really pretty two-bedroom apartment that will be vacant in August, and up top is a one-bedroom unit in which to write the Great Canadian novel. Laundry for everyone is in the basement and there are three parking spots. It’s an unusually fine combination of location, condition and income. If it wa
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