$819,900
Available - For Sale
Listing ID: X12695036
480 Victoria Street , Kingston, K7L 3Z7, Frontenac
| This well-maintained all-brick residence offers a compelling investment opportunity for parent buyers and seasoned investors alike. Configured as a five-bedroom student rental in the main home with a self-contained bachelor suite at the rear, the property delivers immediate, stable income with excellent long-term flexibility. The front residence is currently leased at $999 per bedroom, inclusive of heat and hydro, generating $4,995 per month, with all five tenants secured until April 30, 2026. The rear bachelor unit is occupied by a long-term tenant paying $1,075 per month, resulting in a total gross monthly income of $6,070. The main house offers pine hardwood flooring throughout the main floor, a full bathroom on the main level, and a second full bathroom upstairs, providing strong functionality for student living. Bedrooms are spread across two levels with bright common areas and in-suite laundry. The separate rear bachelor suite offers additional income stability. Recent improvements include a newly renovated downstairs bathroom, new carpet upstairs, and updated appliances. Located on a deep lot, the property also offers the rare ability to accommodate up to four vehicles in the backyard, an extremely attractive feature that could add to the monthly income. Ideally positioned near Queen's University, downtown, transit routes, and major amenities, this property continues to perform year after year with consistent tenant demand. A rare opportunity to acquire a high-yield Kingston rental with very strong cash flow, recent updates, and built-in upside. Schedule your viewing today! |
| Price | $819,900 |
| Taxes: | $5570.90 |
| Occupancy: | Tenant |
| Address: | 480 Victoria Street , Kingston, K7L 3Z7, Frontenac |
| Directions/Cross Streets: | Victoria and Princess St |
| Rooms: | 7 |
| Rooms +: | 5 |
| Bedrooms: | 5 |
| Bedrooms +: | 1 |
| Family Room: | F |
| Basement: | Crawl Space |
| Level/Floor | Room | Length(ft) | Width(ft) | Descriptions | |
| Room 1 | Main | Kitchen | 10.99 | 14.46 | |
| Room 2 | Main | Primary B | 11.64 | 13.32 | |
| Room 3 | Main | Bedroom | 11.74 | 11.45 | |
| Room 4 | Main | Bathroom | 7.77 | 6.89 | 3 Pc Bath |
| Room 5 | Second | Bedroom | 8.43 | 6.43 | |
| Room 6 | Second | Bedroom | 10.82 | 11.15 | |
| Room 7 | Second | Bedroom | 8.63 | 8.82 | |
| Room 8 | Second | Bedroom | 8.69 | 12.63 | |
| Room 9 | Second | Bathroom | 6.53 | 5.67 | 4 Pc Bath |
| Room 10 | Second | Laundry | 4.23 | 8.23 | |
| Room 11 | Main | Bedroom | 15.48 | 9.12 | |
| Room 12 | Main | Bathroom | 4.49 | 7.71 | 3 Pc Bath |
| Room 13 | Main | Kitchen | 10.53 | 8.36 |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | Main |
| Washroom Type 2 | 3 | Main |
| Washroom Type 3 | 4 | Upper |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Detached |
| Style: | 2-Storey |
| Exterior: | Aluminum Siding, Brick |
| Garage Type: | None |
| (Parking/)Drive: | Private, A |
| Drive Parking Spaces: | 4 |
| Park #1 | |
| Parking Type: | Private, A |
| Park #2 | |
| Parking Type: | Private |
| Park #3 | |
| Parking Type: | Available |
| Pool: | None |
| Approximatly Square Footage: | 1100-1500 |
| Property Features: | Fenced Yard, Hospital |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | N |
| Heat Type: | Forced Air |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Elevator Lift: | False |
| Sewers: | Sewer |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX RISE EXECUTIVES, BROKERAGE |
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Reza Peyvandi
Broker, ABR, SRS, RENE
Dir:
416-230-0202
Bus:
905-695-7888
Fax:
905-695-0900
| Virtual Tour | Book Showing | Email a Friend |
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At a Glance:
| Type: | Freehold - Detached |
| Area: | Frontenac |
| Municipality: | Kingston |
| Neighbourhood: | 14 - Central City East |
| Style: | 2-Storey |
| Tax: | $5,570.9 |
| Beds: | 5+1 |
| Baths: | 3 |
| Fireplace: | N |
| Pool: | None |
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