138 CHATHAM STREET

Key facts

• Property type: Multi-family
• Structure: Duplex
• Transaction: For Sale
• Price: $775,000
• Bedrooms: 6
• Bathrooms: 3
• Lot size: 51 x 70.3 FT
• Parking: 2
• Listing key: 29751455

Listing overview

Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased unti...