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$ 1,299,000
Est. payment | /mo
4 Beds
4 Baths
$ 1,299,000
Est. payment | /mo
4 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 14 - Central City East
MLS Listing ID X13671314
Style 1 Storey/Apt
Bedrooms 4
Annual Tax Amount $6,839
Tax Year 2026
Property Sub-Type Fourplex
Property Description
Purpose-built fourplex in a great location on Albert Street, south of Princess Street and close to Queen's Main Campus, transit, shopping, restaurants and parks. The location has consistently supported very strong rental demand, with tenants primarily being full-time Queen's University students.The building contains three 2-bedroom apartments and one 3-bedroom apartment, each with a full 4-piece bath. Exceptionally well maintained throughout, the property features a central entrance and stairwell serving all four units, common coin-operated laundry, storage spaces and four on-site parking spaces. Apartments are separately metered for ESA approved hydro meters, which is paid by the tenants. Common owner expenses are water and sewer, common-area electricity (entrance, exterior, laundry) and shared internet. Projected annual operating income is approximately $111,400, with operating expenses of approximately $11,300 and projected NOI of approximately $100,100 before repairs, maintenance, vacancy and capital expenditures. A straightforward, well-kept income property with established rental demand and limited owner-paid operating costs. There is the possibility of owner occupancy at this time. Full financials are available upon request.
Location
Province ON
County Frontenac
Area Frontenac
Rooms
Family Room No
Basement Apartment
Kitchen 4
Separate Den/Office 5
Interior
Interior Features Separate Hydro Meter
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 33.0
Lot Depth 132.0
Total Parking Spaces 4
Building
Foundation Poured Concrete
Others
ParcelsYN No
Listed by SUTTON GROUP-MASTERS REALTY INC., BROKERAGE
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