Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

80 Virginia Street, Kingston, ON K7K 5Y4 (Virginia St and Sutherland Dr)
$ 4750000 - MLS : X13124720

From Our Gallery

Description

Excellent opportunity to acquire a well-maintained 25-unit low-rise apartment building in Kingston, Ontario. Previously REIT-owned, this property has been professionally managed and is in excellent overall condition. Conveniently located on a bus route, minutes to Highway 401, and close to downtown Kingston.The building offers stable in-place income with clear upside through rental increases on tenant turnover. Additional lift may be available by having new tenancies pay their own hydro.A clean, stabilized multifamily asset in a strong rental market with meaningful long-term upside.

Location Description

Virginia St and Sutherland Dr

Property Detail

Community: 23 - Rideau
Property Type: Tenant/Commercial
Garages: Outside/Surface
Annual Property Taxes : $ 56973.17

Lot dimensions: sqft
Baths:

Facts and Features

Parking Type : Outside/Surface

Amenities

Heating : Radiant

Listing Contracted With: RE/MAX RISE EXECUTIVES, BROKERAGE

Kannan Panchalingam

Sales Representative

( 5 Reviews )

While I like to think that real estate is in my blood, shameless self-promotion is not. Unfortunately, that's part of the business so here's the painful bit about who I am and what makes me tick. The Toronto region has been my home all my life, and I love this area.

kannanhomes@yahoo.com

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