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$3,199,900
Ontario,Kingston (East of Sir John A. Blvd)
For Sale Active
49-67 ADELAIDE STREET, Kingston (East of Sir John A. Blvd), Ontario K7K1Y3
  • 12
  • 8,280 Sqft
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Basic Details
Description

An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of Downtown Kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its own private walk-out basement, with 6 units also offering decks off the

living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current Cap Rate of 5.24%, with a projected Cap Rate of approximately 5.37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to Downtown Kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13467366
  • Price: $3,199,900
  • Bathrooms: 12
  • Square Footage: 8,280 Sqft
  • Status: Active
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 55459
Features & Appliances
Features
  • Heating System: Forced air, Natural gas
  • Cooling System: None
Address Map
  • Location: CA, Ontario, Kingston (East of Sir John A. Blvd), K7K1Y3
  • Street: Adelaide
  • Street Number: 49-67
  • Street Suffix: Street
  • Longitude: W77° 28' 50.2''
  • Latitude: N44° 14' 32.5''
Additional Information
  • Water Source:
  • Business Type: Residential
  • Lot Features:
  • Lot Size Dimensions: 132 x 165 FT
Financial
  • Tax Annual Amount: 20682.72
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Listing updated: 2026-07-02 06:32:13
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Listing Information
  • List Agent Key: 1744306
  • List Office Key: 55459
  • Modification Timestamp: 2026-06-19T18:40:34Z
  • Originating System Name: Kingston & Area Real Estate Association
  • Status Change Timestamp: 2026-06-19T18:10:58Z
Powered by REALTOR.ca
Listing updated: 2026-07-02 06:32:13
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