First time publicly listed in almost 50 years. Eight (8) residential rental units on 31 acres of land just 10 minutes from Hwy. 401 off of Sydenham Road. Four (4) buildings, each with two 2-bedroom semi-detached units. Electric heat (paid by tenants). One unit has 3 bedrooms and a semi-finished basement with an updated oil tank (TSSA approved). Water is provided by 3 wells (each with separate treatment systems) and 4 septic systems (wells and septic systems fully tested/inspected in the last year). Newer breaker panels, hot water tanks, heaters, lights, switches/plugs, water treatment in three of the units, and numerous other improvements. One unit is fully renovated. Cash positive with 20% down (contact listing agent for financials). Possible VTB for downpayment. Significant lift opportunity with turnover and further improvements. Great investment opportunity or owner occupied with income/family compound. Walking distance to Loughborough Drive and a short drive to Kingston.
Property Type:
Residential Freehold
Property Sub Type:
Multiplex
Home Style:
Bungalow
Approx. Age:
51-99
Total Approx Floor Area:
5000 +
Lot Size:
25-49.99
Depth:
0'0 m
Frontage:
237'9½"72.5 m
Lot Shape:
Irregular
Topography:
Level
Direction Faces:
South
Bedrooms:
17
Bathrooms:
8.0
Water supply:
Well
Kitchens:
8
Bedrooms Above Grade:
17
Kitchens Above Grade:
8
Rooms Above Grade:
41
Zoning:
R1, A1 Multi-residential
Heating type:
Baseboard
Heating Fuel:
Electric
Fireplaces:
0
Foundation:
Block
Roof:
Shingles
Basement:
Half, Unfinished
Fireplace/Stove:
No
Garage:
None
Garage Spaces:
0.0
Other Structures:
None
Parking Features:
Private
Parking Spaces:
24
Total Parking Spaces:
24.0
Family Room:
No
Possession Details:
TBD
Lot Irregularities:
Property is 177 ft wider in South half.
Pool:
None
HST Applicable To Sale Price:
Included In
Taxes:
$8,994.58 /
2024
Assessment:
$- /
-
Kingston
44 - City North of 401
Frontenac
Carpet Free, Separate Hydro Meter, Water Heater Owned, Water Purifier, Water Softener, Water Treatment
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