Nestled in Kingston’s vibrant Inner Harbour neighbourhood, 185-187 Montreal St. presents an exceptional investment opportunity. Conveniently situated within walking distance to McBurney Park (6 minutes), Artillery Park (7 minutes), and Princess St (10 minutes), this semi-detached duplex enjoys prime access to downtown offices, shops, restaurants, the waterfront, and Queen’s University. Each unit offers three bedrooms including a spacious loft, a modern kitchen, open living/dining areas, second-floor laundry, and parking for four cars.The entire property underwent a thorough interior upgrade in 2019/2020, including a full rebuild from the studs up while preserving original hardwood floors. New features comprise of insulation, drywall, paint, custom kitchens, stainless-steel appliances (two of each: fridges, dishwashers, stoves, furnace, A/C , and laundry units), renovated bathrooms, bedrooms, a finished third-floor den/bedroom, doors, trim, and exterior landscaping. In 2012, windows and siding were also upgraded and the shingles in 2022. With separate utilities for each unit, tenants have individual control over their living spaces. Currently generating a total gross income of $60,000 annually with both units rented, the future owner can continue as a landlord or live in one side and rent the other as one side will be vacant June 1 2024. Additionally, with the potential for severance, there are opportunities for further development or customization. Boasting proximity to amenities and abundant potential, this duplex stands as a true gem in Kingston's real estate market. (id:47421)
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Detailed Information
Bedrooms
6
Bathrooms
2
Lot
46 x 66 ft
Amenities Nearby
Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Community Features
Community Centre, School Bus
Features
Crushed stone driveway
Listing Contract Date
2024-04-11
Location Description
Corner of Montreal and Millers Lane, property is on the East side of Montreal
Ownership Type
Freehold
# of Parking Spaces
4
Property Type
Multi-family
Transaction Type
For sale
Zoning Description
A
Building
Basement Development
Unfinished
Basement Type
Crawl space (Unfinished)
Constructed Date
1890
Cooling Type
Central air conditioning
Exterior Finish
Vinyl siding
Foundation Type
Stone
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2.5
Type
Duplex
Utility Water
Municipal water
Land
Total Size
0.067 acres
Access Type
Road access
Amenities
Hospital, Park, Place of Worship, Playground, Public Transit, Schools, Shopping
Sewer
Municipal sewage system
Size of Irregular Land
0.067
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