306-308 MONTREAL Street , Kingston

8 Bed / 4 Bath / $1,195,000 / MLS® Listing #:40301534

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306-308 Montreal Street presents an attractive multi-unit Four-Plex with the opportunity to invest in an appreciating asset. Sporting four 2 bedrooms units, which have all been renovated to a great degree, there is little that needs to be done at this property providing a turn key investment opportunity. Each unit has an separate electrical service of 100amps with 5 meters in total including common area. A newer gas boiler installed in 2019 provides efficient water radian heat to the units. Shingles replaced in 2018, new vinyl siding 2018, 2 parking spots (rented at $100 each/month). The B.538 zoning allows for a 3 to 6 family dwelling as well as a neighbourhood commercial use. 306 #1 is on a fixed lease until 2023/03/3, the remainder of the units are month to month. Gross income is $71 820.00 with good upward potential. Landlord pays water/sewer/gas and tenants pay hydro. The property also features a separate entrance for the mechanical room as well as two parking spaces each rented at $100/month. The property has been very well maintained and shows well. (id:10452)

Property Details

Property Type Fourplex
Square Feet 3300.0000
Maintenance N/A
Days On Our Website 17
Basement Unfinished - Partial (Unfinished)
Kitchens
Lot Dimensions under 1/2 acre
Pool N/A
Area Kingston
Air Conditioning None
Heating Natural gas - Radiant heat, Hot water radiator heat
Exterior Brick, Vinyl siding
Parking Spaces 2
Sewers Municipal sewage system
Water Municipal water

Listing Office: Re/Max Finest Realty Inc., Brokerage



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