$2,199,900

Investment For Sale In Portsmouth, Kingston, Ontario

$2,199,900

Property Information:

This legal non-conforming 5-unit building, fully renovated in 2021, is ideally situated at the prominent corner of King St. West and Yonge St. in historic Portsmouth Village. The property comprises 4 two-bedroom units and 1 one-bedroom unit, all of which have undergone extensive renovations with no expense spared. The building boasts an entirely new envelope, including updated insulation, siding, roof, windows, and doors. The interior features modern fire and sound separations, as well as updated mechanical, plumbing, and electrical systems throughout.Each unit is independently equipped with a forced air natural gas furnace, rental on-demand hot water, HRV, central air, electrical panel, water meter, and in-suite laundry. The units are separately metered for gas, hydro, water/sewer, with these utilities paid by the tenants. The units feature stainless steel kitchen appliances, including a fridge, glass top stove, dishwasher, OTR microwave, and front-load washer/dryer. Kitchens and bathrooms are outfitted with white shaker cabinets and grey quartz countertops, with bathrooms also featuring full-sized tubs with tiled surrounds and ceramic flooring. Impressive windows throughout allow for ample natural light.All common indoor and outdoor lighting is on a timer, controlled by its own electrical panel and sixth hydro meter, which constitutes the only utility cost to the owner. The property also includes a paved parking area with five dedicated spots

Inclusions: Microwave,Window Coverings,Microwave And Window Coverings

Exclusions : Tenants Personal Belongings

Building Features:

  • Floor Space: 4000 Square Feet

Property Features:

  • Bedrooms: 9
  • Acres Range: < 0.5
  • Basement: Crawl Space, Unfinished
  • Construction Materials: Vinyl Siding
  • Cooling: Central Air
  • Driveway Parking: Outside/Surface/Open
  • Fencing: Fence - Partial
  • Floor Space (approx): 4000 Square Feet
  • Heating: Natural Gas
  • Interior Features: Separate Heating Controls
  • Laundry Features: In-Suite
  • Lot Depth: 81 Feet
  • Lot Features: City Lot, Hospital, Library, Marina, Open Spaces, Park, Public Transit, Schools, Shopping Nearby
  • Lot Frontage: 68.00 Feet
  • Parking Features: Asphalt, Assigned
  • Road Frontage Type: Municipal Road
  • Roof: Asphalt Shing
  • Water Source: Municipal
  • Waterfront Features: Lake/Pond
  • Window Features: Window Coverings
  • Zoning: UR12
  • Sewer: Sewer (Municipal)
  • No. of Parking Spaces: 5

Courtesy of: RE/MAX Finest Realty Inc., Brokerage

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