Property Information:

Annual gross income of $43,200 with lease in place to end of April 2027 with the additional opportunity to further enhance revenue by monetizing more bedrooms and the existing parking space. Exceptional value with this turnkey investment property located in walking distance minutes from downtown Kingston and Queen's University. Rented as a 4-bedroom student rental, this property can easily be turned into a 6-bedroom rental with minimal work. There's an extra bedroom on the 2nd floor (not currently being rented out) and potential to convert the dining room into another bedroom. This well-maintained residence is positioned in one of Kingston's most desirable rental areas for it's locational characteristics, offering consistent demand and a proven track record of strong occupancy. The property features generous living spaces, well sized bedrooms, two full bathrooms, and one dedicated parking space. Currently fully tenanted at $43,200.00 annually (May 2026 to end of April 2027 lease in place), with tenants responsible for utilities, the home provides reliable income and attractive returns, with additional upside potential for investors. With a history of stable occupancy and minimal maintenance requirements, this property presents an excellent opportunity for both seasoned and first-time investors seeking to grow their portfolio in a high-demand market. New roof 2024. (id:27)

Building Features:

Style: Detached
Building Type: House
Basement Development: Unfinished
Basement Type: N/A
Construction Style - Attachment: Semi-detached
Exterior Finish: Vinyl siding
Floor Space: 1100 - 1500 sqft Square Feet
Foundation Type: Stone
Heating Type: Forced air
Heating Fuel: Natural gas
Cooling Type: None
Appliances: Dryer, Hood Fan, Stove, Washer, Refrigerator

Property Features:

OwnershipType: Freehold
Property Type: Single Family
Bedrooms: 5
Bathrooms: 2
Features: Carpet Free
Floor Space (approx): 1100 - 1500 Square Feet
Irregular: Yes
Lot Depth: 74 Feet
Lot Frontage: 16.7 Feet
Lot Size: 16.7 x 74 FT
Sewer: Sanitary sewer
Parking Type: No Garage
No. of Parking Spaces: 1

Rooms:

2nd Bedroom 2nd Level 3.14 m x 2.34 m
3rd Bedroom 2nd Level 2.67 m x 3.25 m
4th Bedroom 2nd Level 2.80 m x 4.93 m
5th Bedroom 2nd Level 3.14 m x 3.16 m
Bathroom 2nd Level 2.25 m x 2.25 m
Living Ground Level 4.86 m x 3.14 m
Dining Ground Level 3.60 m x 3.16 m
Kitchen Ground Level 3.94 m x 3.39 m
Bedroom Ground Level 2.64 m x 3.25 m
Bathroom Ground Level 1.75 m x 1.50 m

Convert Measurement to:

Courtesy of: SUTTON GROUP-MASTERS REALTY INC., BROKERAGE

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Demographic Information of 378 BARRIE STREET, Kingston (East of Sir John A. Blvd), Ontario, K7K 3T4

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$118,014.84

Average Number of Children

1.69

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

2.32 %

High school certificate or equivalent

42.48 %

Apprenticeship trade certificate/diploma

0.34 %

College/non-university certificate

12.18 %

University certificate (below bachelor)

0.2 %

University Degree

42.47 %

Commuter

Travel To Work

By Car

40.71 %

By Public Transit

7.12 %

By Walking

43.83 %

By Bicycle

0.55 %

By Other Methods

7.79 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

68.03 %

Houses

31.97 %

378 BARRIE STREET, Kingston (East of Sir John A. Blvd), Ontario, K7K 3T4