$968,000
Available - For Sale
Listing ID: X13582890
380 Barrie Street , Kingston, K7K 3T4, Frontenac
| 7.2% NET CAP RATE | $78,000 GROSS ANNUAL INCOME | TURN-KEY DUPLEX. An exceptional investment opportunity offering a strong 7.2% net cap rate, this recently updated duplex generates $78,000 in annual gross rental income and is ideally located just steps from the downtown core and within easy walking distance to Queen's University.Each spacious unit features four bedrooms, large principal rooms, and in-suite laundry, creating a highly desirable rental offering in a proven student and professional rental location.The well-maintained property offers parking for three vehicles, with additional upside potential through the monetization of the parking spaces. New leases are in place through the end of April 2027(with the high possibility of both units renewing), providing investors with stable, secured income and immediate cash-flow potential.The current owners have enjoyed zero vacancy throughout their ownership, highlighting the property's strong tenant demand and desirable location. Additional recent improvements include a new roof installed in 2024.With a 7.2% NET CAP RATE, established rental income, secured tenancy, zero vacancy history, and further potential to increase revenue, this is a compelling turn-key investment opportunity for investors seeking strong, reliable cash flow. |
| Price | $968,000 |
| Taxes: | $5731.41 |
| Occupancy: | Tenant |
| Address: | 380 Barrie Street , Kingston, K7K 3T4, Frontenac |
| Directions/Cross Streets: | colborne |
| Rooms: | 15 |
| Bedrooms: | 8 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Unfinished |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Ground | Bedroom | 8.66 | 12.6 | |
| Room 2 | Ground | Bedroom 2 | 8.59 | 10.82 | |
| Room 3 | Ground | Bedroom 3 | 14.5 | 8.59 | |
| Room 4 | Ground | Bedroom 4 | 12.82 | 8.66 | |
| Room 5 | Ground | Kitchen | 16.99 | 12.33 | |
| Room 6 | Ground | Living Ro | 20.34 | 14.33 | |
| Room 7 | Second | Bedroom | 8.99 | 14.01 | |
| Room 8 | Second | Bedroom 2 | 8.99 | 12.99 | |
| Room 9 | Second | Bedroom 3 | 8.76 | 9.91 | |
| Room 10 | Second | Bedroom 4 | 9.68 | 9.91 | |
| Room 11 | Second | Kitchen | 14.17 | 10.99 | |
| Room 12 | Second | Living Ro | 46.48 | 38.54 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 2 | Ground |
| Washroom Type 2 | 4 | Ground |
| Washroom Type 3 | 3 | Second |
| Washroom Type 4 | 4 | Second |
| Washroom Type 5 | 0 | |
| Washroom Type 6 | 2 | Ground |
| Washroom Type 7 | 4 | Ground |
| Washroom Type 8 | 3 | Second |
| Washroom Type 9 | 4 | Second |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 2 | Ground |
| Washroom Type 12 | 4 | Ground |
| Washroom Type 13 | 3 | Second |
| Washroom Type 14 | 4 | Second |
| Washroom Type 15 | 0 |
| Total Area: | 0.00 |
| Property Type: | Duplex |
| Style: | 2-Storey |
| Exterior: | Aluminum Siding |
| Garage Type: | None |
| Drive Parking Spaces: | 3 |
| Pool: | None |
| Approximatly Square Footage: | 2000-2500 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Sewer |
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| SUTTON GROUP-MASTERS REALTY INC., BROKERAGE |
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Zulakha Ghafoor
Sales Representative
Dir:
647-269-9646
Bus:
416.898.8932
Fax:
647.955.1168
| Virtual Tour | Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Duplex |
| Area: | Frontenac |
| Municipality: | Kingston |
| Neighbourhood: | 22 - East of Sir John A. Blvd |
| Style: | 2-Storey |
| Tax: | $5,731.41 |
| Beds: | 8 |
| Baths: | 4 |
| Fireplace: | N |
| Pool: | None |
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