$974,995
FOR SALE

Detached 2 Level

Bedrooms: 3+2Bathrooms: 3Lot: 50 x 135 ft

423 Palace Road
Kingston, ON K7L 4T5

This property checks all the boxes. Are you a parent looking to house your son or daughter at Queens—want to have it paid for? Then this property is for you. Or are you a savvy investor that just wants great returns and a solid investment—we have you covered! Don't be deceived by its modest exterior—423 Palace Road is a fully furnished, turn-key, high performing investment. This property is larger than it looks due to a large addition at the rear. Discover 423 Palace Road—an exceptional, well-maintained legal 3-unit property in the heart of the City. With two 2-bedroom units, one 1-bedroom unit, and close proximity to Queen's University, hospitals, and public transit, it appeals to mature tenants and professionals. Standout features include a 100-gallon owned solar hot water heater, energy-efficient vinyl windows, and upgraded insulation for reduced operational costs. Offering an attractive income stream and with a sought after short-term rental rating, it's ideal for long-term tenants and Airbnb ventures. Don't miss this opportunity with a 7.07% CAP Rate and a projected 6.71% ROI and with 0% vacancy. (id:47421)
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Listed By RE/MAX Service First Realty Inc, Brokerage
Data Provided By Kingston & Area Real Estate Association
MLS® Listing Number 40547347
Last Updated Apr 02, 2024
Property Summary
Property Type Detached

More like this:
Subdivision 18 - Central City West
Price History

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Detailed Information
Bedrooms 3+2
Bathrooms 3
Lot 50 x 135 ft
Listing Contract Date 2024-03-01
Location Description Bath Road, south on Palace Road
Ownership Type Freehold
# of Parking Spaces 4
Property Type Single Family
Transaction Type For sale
Zoning Description UR5
Building
Appliances Dryer, Refrigerator, Stove, Washer
Architectural Style 2 Level
Basement Development Finished
Basement Type Full (Finished)
Construction Style (Attachment) Detached
Cooling Type Central air conditioning
Exterior Finish Vinyl siding
Fire Protection Smoke Detectors
Heating Fuel Natural gas
Heating Type Forced air
Stories Total 2
Type House
Utility Water Municipal water
Rooms
Room Level Dimensions Notes
4pc BathroomSecond levelMeasurements not available
Kitchen/Dining roomSecond level11'8'' x 13'9''
Living roomSecond level11'5'' x 16'4''
BedroomSecond level11'4'' x 16'4''
FoyerLower level7'4'' x 9'6''
Laundry roomLower level5'6'' x 8'6''
4pc BathroomLower level5'4'' x 6'8''
KitchenLower level10'10'' x 10'1''
Living roomLower level13'9'' x 14'0''
BedroomLower level11'2'' x 19'4''
BedroomLower level13'2'' x 9'2''
4pc BathroomMain levelMeasurements not available
Dining roomMain level1'9'' x 15'4''
Living roomMain level14'8'' x 10'8''
KitchenMain level11'5'' x 9'10''
BedroomMain level15'0'' x 11'1''
BedroomMain level11'7'' x 19'10''
Land
Total Size under 1/2 acre
Access Type Road access
Sewer Municipal sewage system

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
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