341 DIVISION STREET

Kingston (East of Sir John A. Blvd), , K7K4A2, Canada

$669,900

Attention Investors and Queen's University Parents! Beautifully kept cash-flowing legal non-conforming triplex in prime downtown Kingston location! Aggressively priced and fully rented with a 7.28% cap rate and immediate cash flow. Unit #1 (1BR): $1,600/month, Unit #3 (1BR): $1,600/month, Unit #2 (2BR): $1,900/month for a total gross income of $61,200 annually. Operating expenses are $12,440 (Taxes: $4,568, Insurance: $2,210, Utilities: $5,662) for an NOI of $48,760 with upside potential to $55,000+ through strategic rent increases. Each unit features in-suite laundry and dedicated parking-a rare combination that commands premium rents. The building is in excellent condition with extensive recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. High ceilings and exposed brick throughout make units highly attractive to tenants. This is a turnkey investment with quality tenants in place, low operating costs, and strong cash flow from day one. Perfect for first-time multi-family investors or experienced landlords looking for a solid performing asset in Kingston's strong rental market. Easy showings available-call, text, or email to book your viewing.

EXTRAS: Washer, Dryer

Last updated on : Wednesday 10th of December 2025 12:31:02 PM

ADDRESS

Street : 341 DIVISION STREET

City : Kingston (East of Sir John A. Blvd)

Country : Canada

Postal Code : K7K4A2

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PROPERTY SUMMARY

Property ID : X12615772

Building Type : Multi-Family

Property Type : Multi-family

Bedrooms : 4

Parking : 3

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