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$2,375,000
Ontario,Kingston (East of Sir John A. Blvd)
For Sale Active
48 STEPHEN STREET, Kingston (East of Sir John A. Blvd), Ontario K7K2C3
  • 10,000 Sqft
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Basic Details
Description

Well-located 12-unit apartment building in Kingston’s highly sought-after Inner Harbour District. The property generates a current NOI of $106, 803 and is approximately 21% under-rented across the building, offering immediate and measurable upside through rent optimization. The building is in good overall condition, with several capital improvements already completed. Rents are inclusive, with landlord-paid utilities, creating potential for future expense

optimization. On-site parking enhances tenant appeal and long-term stability. This asset qualifies for CMHC MLI-Select-style financing, making it an attractive opportunity for investors seeking leverage, income growth, and a strong downtown location with limited multi-residential supply. Full financials, rent roll, and supporting documentation are available in the data room. Serious buyers are encouraged to review the materials to fully understand the income upside and financing potential. (id:62650)

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Basic Details
  • Property Type: Residential Income
  • Listing Type: For Sale
  • Listing ID: X13228856
  • Price: $2,375,000
  • Square Footage: 10,000 Sqft
  • Status: Active
  • Office Name: RE/MAX RISE EXECUTIVES, BROKERAGE
  • Property Attached Yn: 1
  • Property Sub Type: Multi-family
  • Office Key: 285264
Features & Appliances
Features
  • Heating System: Natural gas, Hot water radiator heat, Radiator
  • Cooling System: None
  • Sewer: Sanitary sewer
Address Map
  • Location: CA, Ontario, Kingston (East of Sir John A. Blvd), K7K2C3
  • Street: Stephen
  • Street Number: 48
  • Street Suffix: Street
  • Longitude: W77° 30' 37''
  • Latitude: N44° 14' 32.7''
Additional Information
  • Water Source:
  • Business Type: Residential
  • Lot Size Dimensions: 57.72 x 141.18 FT
Financial
  • Tax Annual Amount: 24831.39
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Listing updated: 2026-07-24 08:27:23
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Listing Information
  • List Agent Key: 1972034
  • List Office Key: 285264
  • Modification Timestamp: 2026-06-16T02:00:06Z
  • Originating System Name: Kingston & Area Real Estate Association
  • Status Change Timestamp: 2026-06-16T01:51:16Z
Powered by REALTOR.ca
Listing updated: 2026-07-24 08:27:23
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