Innovative Realty Inc.

Brokerage

Kannan Panchalingam

Direct : (647) 928-8889

kannanhomes@yahoo.com

579 Macdonnell Street, Kingston, ON K7K 4W9 (Concession St & MacDonnell St)
$ 495000 - MLS : X12639710

From Our Gallery

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 Description

Concession St & MacDonnell St

Property Detail

Community: 22 - East of Sir John A. Blvd
Property Type: Vacant/Residential Freehold
Bedrooms: 6
Bath: 2
Garages: Detached
Annual Property Taxes : $ 3666.24

Lot dimensions: sqft
Baths:

Facts and Features

Foundation Type: Concrete
Counstruction Material : Brick
Total Parking Space : 3
Parking Type : Detached

Amenities

Heating : BaseboardElectric
Sewer : Sewer ,

Listing Contracted With: NORTH 2 SOUTH REALTY

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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