Kingston Real Estate Downtown 4 PLEX Asking $888,900.00
477 Macdonnell St., Kingston, Ontario
| Great value in this commercial building located just off Princess St. Downtown Kingston (Williamsville). Building would be ideal for someone looking for Retail or Office. This property has parking, street parking, and is across the street from a municipal parking lot. Currently has 2 Commercial and 2 Residential units. Lower level is leased to Childbirth Kingston / Main floor is currently operating as a salon but could be vacant for new owners. The top floor offers 2 apartments 1 & 2 Bed Units. 24 hours notice required for all showings. |
Well located downtown Kingston close to Queens and Kingston Center.
For more information please contact listing agent Jason Eade 613-561-7653
INCOME
| UNIT |
BEDS |
RENT |
TOTAL | |
| 1 | 2 | $1,450 | Inclusive | |
| 2 | 1 | $1280 + 50 parking | Plus Hydro | |
| 3 | 0 | $1800 | Inclusive* | |
| 4 | 0 | $1500 | Plus Hydro | MONTHLY $6,080 |
| ANNUAL $72,960 |
EXPENSES
| UTILITIES | $6000 |
| TAXES | $8194 |
| MAINTENANCE/VACANCY | $3000 |
| INSURANCE | $7000 |
| SNOW/GRASS | $580 |
| TOTAL MONTHLY | $24,774 |
NOI = $48,186
Description
Unit 1 Top Floor – 2 bed – inclusive – Lease
Unit 2 Top Floor – 1 Bed -plus Hydro New MAY 2022 Lease
Unit 3 Main Floor Commercial – Inclusive – No Lease
Unit 4 Basement Commercial Plus Hydro – Leased
ESSENTIAL INFORMATION
ADDRESS:
477 Macdonnell St.
PRICE:
$888,900
BEDROOMS:
3
BATHROOMS:
4
TYPE:
Commercial
PROPERTY TAX:
| $8,194.84/2021 |
HEATING TYPE:
Forced air (natural gas)
Baseboard
Hey! I am the listing agent, feel free to reach out with any questions.
Jason Eade, Broker, 613-561-7653
