$2,375,000
 $12,750 est/mo Sourced by Back At You

48 Stephen Street,Kingston (East of Sir John A. Bl, ON K7K2C3

Kingston (East of Sir John A. Bl, ON K7K2C3

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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:13843)

Details

MLS #X13228856
Listing TypeFor Sale
StatusActive
Days On Site123
Listing Provided ByRE/MAX RISE EXECUTIVES, BROKERAGE | JORDAN MCGREGOR

Features

SQ Feet10,000
ZoningUR5

Interior

CoolingNone
HeatingHot water radiator heat, Natural gas, Radiator
Fireplace Yes / NoNo

Utilities

SewerSanitary sewer
Water SourceMunicipal water

Taxes

Tax Annual Amount24831.39

Area Information

ProvinceON
CityKingston (East of Sir John A. Bl
Postal CodeK7K2C3
Listing VS Median (in K7K2C3)
Price:
$2,375,000
low | high
Med:
$2,375,000
50% of Average
sqft:
10,000
low | high
Med:
10,000
50% of Average
$ / sqft:
$238
low | high
Med:
$238
50% of Average
On site:
123
low | high
Med:
123
100% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Steven Facciolo

Steven Facciolo

Sutton Group - Old Mill Realty Inc., Brokerage

REALTOR®, Sales Representative, Représentant immobilier (647) 298-1640sfacciolo@sutton.com
ProvinceON
CityKingston (East of Sir John A. Bl
Postal CodeK7K2C3
Listing VS Median (in K7K2C3)
Price:
$2,375,000
low | high
Med:
$2,375,000
50% of Average
sqft:
10,000
low | high
Med:
10,000
50% of Average
$ / sqft:
$238
low | high
Med:
$238
50% of Average
On site:
123
low | high
Med:
123
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 4:16:17 AM PDT

Steven Facciolo - Sutton