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$ 495,000
Est. payment /mo
New
579 Macdonnell ST Kingston, ON K7K 4W9
6 Beds
2 Baths
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Detached
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision 22 - East Of Sir John A. Blvd
MLS Listing ID X12639710
Style Bungalow
Bedrooms 6
Annual Tax Amount $3,666
Tax Year 2024
Property Sub-Type Detached
Property Description
All brick legal duplex with amazing income potential in the highly desirable Kingscourt area. Upper level includes 3 spacious bedrooms and 1 full bathroom, with a large living/dining room, separate eat-in kitchen with breakfast area and potential for ensuite laundry. Lower level includes a second self-contained unit with 3 spacious bedrooms and 1 full bathroom, with living room and ensuite laundry room and 2 separate entrances. Large backyard in the rear with a detached single car garage as well as a parking pad in the front for 2 additional cars. Upper level unit currently vacant. Current income from the lower level unit only is $22k+, potential income $55k+ with positive cash flow OR $64k+ as a student rental with over 9% cap rate! Property needs work but a great investment opportunity with excellent value add potential!
Location
Province ON
County Frontenac
Area Frontenac
Rooms
Family Room No
Basement Separate Entrance, Apartment
Kitchen 2
Separate Den/Office 3
Interior
Interior Features Separate Hydro Meter, Water Heater
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Mutual
Garage Spaces 1.0
Pool None
Roof Type Shingles
Lot Frontage 33.0
Lot Depth 112.0
Total Parking Spaces 3
Building
Unit Features Rec./Commun.Centre,Public Transit,Park,School
Foundation Concrete
Others
ParcelsYN No
Listed by NORTH 2 SOUTH REALTY