579 Macdonnell Street, Kingston, ON K7K 4W9, Kingston, ON, K7K 4W9
MLS: X12639710 | Detached
$495,000
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!
Quick Facts
- Property Type: Detached
- Style: Bungalow
- Bedrooms: 6 (3 above, 3 below)
- Bathrooms: 2
- Parking: 3.0 spaces (Mutual)
Costs
- Annual Taxes: $3,666.24 (2024)
Listing Provided by: NORTH 2 SOUTH REALTY
Board: Toronto Regional Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Cooling: None
- Basement: Separate Entrance, Apartment
Exterior & Construction
- Style: Bungalow
- Roof: Shingles
- Construction: Brick
- Foundation: Concrete
- Sewer: Sewer
Lot & Land
- Pool: None
Community & Neighbourhood
- Neighbourhood: 22 - East of Sir John A. Blvd
Listing Information
Listing History
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Property Comparables ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±15%Match Home TypeYesMatch BedroomsYes
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579 Macdonnell Street, Kingston, ON K7K 4W9, Kingston, ON, K7K 4W9