EMAIL PENNY & THE TEAM • OFFICE: 613-507-3629 •
EMAIL PENNY & THE TEAM • OFFICE: 613-507-3629 •
6.6% Net Cap Rate with Additional Income Upside. An exceptional turnkey investment opportunity with $43,200 in annual gross rental income and a 6.6% net cap rate, with further potential to increase revenue.The property is currently rented as a 4-bedroom student rental at $3,600 per month plus utilities, with a lease in place until the end of April 2027 with the high possibility of these tenants renewing their leases. .Located within walking distance of downtown Kingston and Queen's University, this property benefits from a highly desirable location and consistent demand for student housing. The property has been well maintained and consistently occupied, offering investors immediate income while providing clear upside potential. With the existing four-bedroom configuration generating a 6.6% net cap rate, the opportunity to add rental income through the currently unused bedroom, potential dining-room conversion, and parking space creates the potential for an even stronger return over time.There is meaningful opportunity to increase the property's income beyond the current $43,200 annual rent. The home includes a fifth, smaller bedroom on the second floor that is not currently being rented, along with the potential to convert the existing dining room into an additional bedroom. There is also one dedicated parking space that could potentially be monetized separately. These opportunities provide investors with several avenues to enhance future rental income with relatively modest improvements. (id:47482)
| MLS® Number | X13419790 |
| Property Type | Single Family |
| Neigbourhood | University District |
| Community Name | 22 - East of Sir John A. Blvd |
| Features | Carpet Free |
| Parking Space Total | 1 |
| Bathroom Total | 2 |
| Bedrooms Above Ground | 5 |
| Bedrooms Total | 5 |
| Appliances | Water Heater, Dryer, Hood Fan, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Construction Style Attachment | Semi-detached |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Sqft |
| Type | House |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 74 Ft |
| Size Frontage | 16 Ft ,8 In |
| Size Irregular | 16.7 X 74 Ft |
| Size Total Text | 16.7 X 74 Ft |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bedroom 2 | 3.14 m | 2.34 m | 3.14 m x 2.34 m |
| Second Level | Bedroom 3 | 2.67 m | 3.25 m | 2.67 m x 3.25 m |
| Second Level | Bedroom 4 | 2.8 m | 4.93 m | 2.8 m x 4.93 m |
| Second Level | Bedroom 5 | 3.14 m | 3.16 m | 3.14 m x 3.16 m |
| Second Level | Bathroom | 2.25 m | 2.25 m | 2.25 m x 2.25 m |
| Ground Level | Living Room | 4.86 m | 3.14 m | 4.86 m x 3.14 m |
| Ground Level | Dining Room | 3.6 m | 3.16 m | 3.6 m x 3.16 m |
| Ground Level | Kitchen | 3.94 m | 3.39 m | 3.94 m x 3.39 m |
| Ground Level | Bedroom | 2.64 m | 3.25 m | 2.64 m x 3.25 m |
| Ground Level | Bathroom | 1.75 m | 1.5 m | 1.75 m x 1.5 m |
Contact us for more information
Francesca Blanck
Salesperson
(613) 384-5500
www.suttonkingston.com/
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
Meet Jeff Ross — Kingston Real Estate Advisor
I help buyers, sellers, and military families make confident real estate decisions in Kingston with clear strategy, local insight, and no guesswork.
With over 16 years of experience as a licensed sales representative, I bring a data-driven approach to pricing, negotiation, and market timing—so my clients don’t just participate in the market, they position themselves to win.
Kingston isn’t just where I work—it’s part of my family story. From deep roots in the area to decades spent around local neighbourhoods and cottage country, I offer a level of insight you won’t get from out-of-town agents or generic online platforms.
My background in digital marketing and media gives my clients a real advantage—especially when selling. From strategic pricing to high-impact online exposure, every step is designed to maximize value and reduce stress.
I’ve also worked closely with relocating clients, including those posted to Kingston, helping them navigate tight timelines, competitive conditions, and unfamiliar neighbourhoods with confidence.
At the core of everything I do is simple: clear communication, smart strategy, and results you can rely on.
Kingston is home for my family. My wife and I are raising our two sons here, and we continue to stay closely connected to the community that makes this city such a great place to live.
I have lived and worked in Kingston for almost 30 years. Having grown up moving frequently, as my father was in the military, I developed a love of travel, adventure, .. and houses! I have had a 25 year career in the psychology field, peppered with some real estate investing, as well as stints as a landlord. I am passionate and excited to help you meet your real estate needs!
Kate Green
613-572-3651
julie@pennyblake.com
613-583-9000
After many years in customer service and sales including owning my own business, I am very excited to be pursuing my career in real estate. I found my passion for real estate through buying and selling my first family home in Cold Lake, Alberta. As a military spouse I have experienced firsthand the obstacles that can be encountered during this process including restricted timelines, working with Government relocation services (BGRS) and maneuvering through the challenges of unique real estate markets.
Whether you are new to the city of Kingston or a lifelong resident in search of a new home, investment or vacation property, I am dedicated to utilizing all my knowledge and resources to help you through this process as smoothly as possible. Myself and my colleagues at the Penny Blake Home Team, with over 30 years of experience in the Kingston and surrounding area, will help you find the property that meets your needs.
Get in touch with Julie today.
By email: julie@pennyblake.com
By Phone: 613-583-9000
By email:office@pennyblake.com
By Phone: 613.507.3629
Sandra brings over 24 years of experience in the real estate industry to the table. She has served several years on the KAREA board of Directors and has participated in many of the activities organized by the PR committee. In this role with the Penny Blake Home Team, she takes care of handling the office paperwork, processing transactions, coordinating appointments and helping clients navigate through the process of buying or selling their home. In addition to this, she loves to help her friends and Family achieve their Real Estate goals. She is always available to answer any questions that arise.
Get in touch with Sandra today.
By email:office@pennyblake.com
By Phone: 613.507.3629
cheryl@pennyblake.com
613.888.7601
With strong ties to Kingston, I am excited to help you find your perfect home in our beautiful city. Born in Kingston, I attended Queen’s as an undergraduate, graduating with a Master’s in Psychology, and then spending many years working in the Psychology Dept at Queen’s before starting my career in real estate. My husband and I have raised our 3 boys in Kingston. Not only am I familiar with the school system here, I have spent a great deal of time in the local arenas watching my boys play hockey over the years!
I have experience with the many sides of real estate – I know what it is like to buy and sell my own homes, moving as our family grew and our needs changed. In addition, owning a custom home building business with my husband for over 20 years has given me valuable experience and insight, all of which will help me provide you with the best service possible. Finally, as a Remax sales rep, I can help you navigate all the aspects of buying and selling your home.
If you are planning a move, I am here to help you with that transition. If you are looking to sell your home, I will work hard to help you get the best deal you can. If you are looking to buy a home, whether you are new to Kingston, or have lived here for years, I can help you find the right neighbourhood and the right home for your lifestyle.
Get in touch with Cheryl today.
By email: cheryl@pennyblake.com
By Phone: 613.888.7601
http://www.soldbycheryl.ca
louise@pennyblake.com
613.876.0934
I grew up in Belleville, Ontario, but after living in Kingston my entire adult life, I consider the Limestone City my home town. My husband and I have bought and sold many homes over the years, as our life circumstances changed and we have always researched our preferred neighbourhoods well. Our first home was in Amherstview; we moved just outside Kingston when we wanted to start our family; moved back into Kingston when we chose the public and high schools we wanted our two girls to attend and moved again when we became “empty nesters”. We have truly hit all the life cycles.
Oddly, my working background began in real estate – 16 years in law offices working through real estate deals. Needless to say, I have in-depth knowledge of what happens to an offer once it goes to your lawyer. The next step in my career path took me in the direction of human resources and I am very proud of my success in that field. It gave me great insight into how to treat people and understand and correct their frustrations.
Now, in a sense, I have come full circle – back to an exciting, challenging and rewarding career in Real Estate which I’ve been doing for over 7 years now.
Get in touch with Louisetoday.
By email:louise@pennyblake.com
By Phone: 613-876-0934
http://louisethornton.ca/
penny@pennyblake.com
613.539.3307
Read some testimonials from Penny’s Clients
Penny has been a life long resident of the City of Kingston and for over 30 years has been involved in the real estate market. She made a decision over 30 years ago to become a licensed real estate professional and assist others in investing wisely. She is a strong supporter and major sponsor of many community events. Penny is a parent and homeowner and knows what it takes to keep a household running smoothly. Penny has lived in City east for over 38 years with her daughter Alexis. Penny has been working with military families for over 30 years and she is registered with the Government Relocation Services and has a proven track record with thousands of military families in Kingston and across Canada. She offers her clients quality service, through her national access to the Remax Referral System. If you are considering a move, you will receive the most complete information and services by contacting Penny. For your convenience her office is located at 235 Gore Road, close to the Royal Military College and the Canadian Forces Base.
Get in touch with Penny today.
By email: penny@pennyblake.com
By Phone: 613.539.3307
Penny Supports her Community, click here to find out how.
