<-- style PDP --> 124 Ford Street, Kingston - Multi-3 Unit for sale for $649,900
  • sold

124 Ford Street

Kingston, ON, K7K 4Z6 - Rideau

$649,900$000000

  • Neighbourhood

    Rideau

  • Major Intersection

  • Listed Since: 712 day(s)

  • Last update: 611 day(s) ago

Overview

  • Property Type

    Multi-3 Unit, Residential Income

  • Bedrooms

    n/a

  • Bathrooms

    3

  • Basement

    Walk-Up Access, Full, Finished

  • Kitchen

    n/a

  • Total Parking

    12 (2 null Garage)

  • Lot Size

    Available Upon Request

  • Taxes

    $5,070.57 (2023)

  • Type

    Freehold

Property Description

Property description for 124 Ford Street, Kingston

Quality Investment Property with a ton of parking and a huge detached double car garage/workshop! This Triplex is separately metered so tenants can pay their own utilities. 2 of the 3 Units are currently rented with the owner leaving one of the 3-bedroom units vacant at the end of June to allow a new landlord to choose their own tenants and set their own rents. Property consists of 2- 3 Bedroom Units and 1-2 Bedroom Unit. The property is rented as follows: 1-3 Bedroom for $1200 month to month. 1-2 Bedroom unit rented for $850 month to month. 1-3 Bedroom Unit tenant set to move out at the end of June, New owner can set own rent. Bonus Coin operated laundry in the basement for additional income and a massive parking area behind the property that could also be used to bring in more income if you charged for parking or to use to the garage. This is an excellent investment opportunity with plenty of upside with future rent increases. With market rents would be over 7% Cap Rate. Call, text or email for more information.

Listed by Re/Max Rise Executives, Brokerage

  • MLS #

    40593186

  • Sq. Ft

    3342.08

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    1967

  • Pool

    n/a

  • Drive

    n/a

  • Garage

    n/a

  • Total Parking

    12

  • Family Room

    n/a

  • Den

    n/a

  • Exterior

    n/a

  • Fireplace

    n/a

  • Roof

    Asphalt Shing

  • Foundation

    Other

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Baseboard

  • A/C

    None

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    n/a

  • Central Vac

    n/a

  • MLS #

    40593186

  • Sq. Ft

    3342.08

  • Sq. Ft. Source

    MLS

  • Lot Irregularities

    n/a

  • Year Built

    1967

  • Pool

    n/a

  • Drive

    n/a

  • Garage

    n/a

  • Total Parking

    12

  • Family Room

    n/a

  • Den

    n/a

  • Exterior

    n/a

  • Fireplace

    n/a

  • Roof

    Asphalt Shing

  • Foundation

    Other

  • Elevator

    n/a

  • Water View

    n/a

  • Laundry Level

    n/a

  • Heat

    Baseboard

  • A/C

    None

  • Water

    Municipal

  • Water Supply

    n/a

  • Sewers

    n/a

  • Central Vac

    n/a

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative,
Century 21 People’s Choice Realty Inc.,
Brokerage
(647) 576 - 2100

Manoj profile avatar

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Additional information

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registration Fee's

$164

Title Insurance

Closing Cost Total

Total Cash flow for purchasing this property

Provincial Land Transfer Tax

Ontario Land Transfer Tax Rebate

Toronto Land Transfer Tax

Toronto Land Transfer Tax Rebate

PST on CMHC Insurance Premium

Lawyer Fees

$2,825

Government Registarion Fee's

$164

Title Insurance

Down Payment(%)*

* A down payment of less than 20% is permitted only for first-time home buyers purchasing their principal residence. The minimum down payment required is 5% for the portion of the purchase price up to $500,000, and 10% for the portion between $500,000 and $1,500,000. For properties priced over $1,500,000, a minimum down payment of 20% is required.

Thinking of Selling?

Find Out Your Home’s Value in Today’s Market!

No Email or Signup is required to view your home estimate.

estimate your home value

Contact Manoj Kukreja

Sales Representative, Century 21 People’s Choice Realty Inc., Brokerage
(647) 576 - 2100

Manoj profile avatar

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