Kingston, ON K7K 4W9,579 Macdonnell ST
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$495,000
Est. payment /mo
6 Beds
2 Baths
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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


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Listed by NORTH 2 SOUTH REALTY
Craig Strachan

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(705) 730-4892

craig@bellwethergroup.ca

23 Clapperton St. L4M 3E4, Barrie, ON, Canada

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579 Macdonnell ST