423 Palace Road, Kingston, ON, K7L 4T5

Address

423 Palace Road, Kingston, ON

Listing Type

Single Family

Price

$ 974,995

Property Attributes

ID#40572559
TypeSingle Family
CountyKINGSTON
CityKingston
AreaKingston and Area
NeighborhoodSunnyside
ZipK7L 4T5
StyleSingle Family Dwelling
Price$ 974,995
Bedrooms5
Bathrooms3
Half Bathrooms0
Sqr Footage2000

Data Source:

RLP - CREA EN

Property Description

This property checks all the boxes. Are you a parent looking to house your son or daughter at Queens—want to have it paid for? Then this property is for you. Or are you a savvy investor that just wants great returns and a solid investment—we have you covered! Don't be deceived by its modest exterior—423 Palace Road is a fully furnished, turn-key, high performing investment. This property is larger than it looks due to a large addition at the rear. Discover 423 Palace Road—an exceptional, well-maintained legal 3-unit property in the heart of the City. With two 2-bedroom units, one 1-bedroom unit, and close proximity to Queen's University, hospitals, and public transit, it appeals to mature tenants and professionals. Standout features include a 100-gallon owned solar hot water heater, energy-efficient vinyl windows, and upgraded insulation for reduced operational costs. Offering an attractive income stream and with a sought after short-term rental rating, it's ideal for long-term tenants and Airbnb ventures. Don't miss this opportunity with a 7.07% CAP Rate, a projected 6.71% ROI. and with 0% vacancy and fully leased until 2025.

General Features

Rooms	17
Property Sub Type	Single Family Dwelling
Zoning	UR5
Terms	SALE
Parking	yes
Inclusions	Built-in Microwave,Carbon Monoxide Detector,Dishwasher,Dryer,Furniture,Hot Water Tank Owned,Refrigerator,Smoke Detector,Stove,Washer
Parking Spaces	4

Interior Features

Total Baths	3
Bedrooms	5
Beds	5
Total Baths	3+0

Exterior Features

Lot Frontage	50.00

Room Details

Room	Dimensions	Level	Details
Bathroom		Main Level
Bathroom	1.63 X 2.03	Lower
Bathroom		2nd Level
Bedroom	4.57 X 3.38	Main Level
Bedroom	3.53 X 6.05	Main Level
Bedroom	3.40 X 5.89	Lower
Bedroom	3.45 X 4.98	2nd Level
Bedroom	4.01 X 2.79	Lower
Dining	0.53 X 4.67	Main Level
Foyer	2.24 X 2.90	Lower
Kitchen	3.48 X 3.00	Main Level
Kitchen	3.30 X 3.07	Lower
Laundry	1.68 X 2.59	Lower
Living	4.19 X 4.27	Lower
Living	3.48 X 4.98	2nd Level
Living	4.47 X 3.25	Main Level
Other	3.56 X 4.19	2nd Level	Kitchen/Dining Room