$948,000

Fourplex

143-145 Ordnance Street, Kingston, ON

1 DAY

2000-2500

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Listed by RE/MAX RISE EXECUTIVES, BROKERAGE

·Virtual Tour

Listed by RE/MAX RISE EXECUTIVES, BROKERAGE

Property Highlights

Parking

4 spaces

Property Tax

$6,331/yr

Age

100+ yrs

Lot Size

2,948 sqft

Style

2-Storey

Basement

Full, Unfinished

Monthly Cost

$4,531/mo

About This Home

Well-maintained 2-storey fourplex located in Kingston's Inner Harbour, within walking distance to Queen's University and just steps to downtown amenities, restaurants, and waterfront events. The property features four 1-bedroom units, three of which are currently leased, with one unit becoming vacant May 1st. This provides flexibility for owner occupancy or the opportunity to place a new tenant at market rent. The vacant unit is already being advertised and is expected to lease quickly at approximately $1,495/month. Each unit offers an efficient layout with bright living spaces. Tenants pay their own utilities, with the exception of natural gas heat, helping keep operating costs manageable. Main floor units feature open living and kitchen areas with large south-facing windows, 3-piece bathrooms, and access to private rear decks. Upper units offer front bedrooms, 4-piece bathrooms, and bright living/kitchen areas overlooking the rear of the property. The property includes four dedicated parking spaces plus one additional bonus space, offering potential for extra rental income. A solid opportunity to own a well-located multi-unit property in a high-demand rental area close to Queen's and downtown Kingston.