341 Division Street
Kingston, ON
- 4 bed
- 248 sqft
- Investment
- 267 days on market
Attention Investors and Queen's University Parents! Beautifully kept cash-flowing legal non-conforming triplex in prime downtown Kingston location! Aggressively priced and fully rented with a 7.28% cap rate and immediate cash flow. Unit #1 (1BR): $1,600/month, Unit #3 (1BR): $1,600/month, Unit #2 (2BR): $1,900/month for a total gross income of $61,200 annually. Operating expenses are $12,440 (Taxes: $4,568, Insurance: $2,210, Utilities: $5,662) for an NOI of $48,760 with upside potential to $55,000+ through strategic rent increases. Each unit features in-suite laundry and dedicated parking-a rare combination that commands premium rents. The building is in excellent condition with extensive recent upgrades including plumbing, electrical, furnace, roof, windows, soffits, and eaves. High ceilings and exposed brick throughout make units highly attractive to tenants. This is a turnkey investment with quality tenants in place, low operating costs, and strong cash flow from day one. Perfect for first-time multi-family investors or experienced landlords looking for a solid performing asset in Kingston's strong rental market. Easy showings available-call, text, or email to book your viewing.
Listing Details
- Taxes (2024)
- $4,568
- Listed
- December 10, 2025
Price History
Listing history
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Property
- Lot Size
- 25 x 100 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Division between Pine and Quebec
- Zoning
- A
- Parcel Number
- 360510164
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
Included
- Inclusions
- 3x Stove, 3x Fridge, 3X Washer, 3X Dryer
- Exclusions
- Tenants possessions
- Rental Items
- Hot water tank
Property Insights
AI-generated from listing photos. Not professional advice.
Community
Postal area K7K
- Population
- 33,705
- Private dwellings
- 16,786
- Median age
- 37.2
- Average household size
- 2.1
- Median household income
- $67,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Kingston · last 12 months
- Median sold price
- $587,950
- Homes sold
- 1,630
- Median days on market
- 23
- Sale-to-list price
- 97.3%
Based on 1,630 recorded sales of commercial properties in Kingston over the last 12 months.
Listed by
RE/MAX RISE EXECUTIVES, BROKERAGE
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 2,669 sq ft
- Price per sq ft
- $250.95
- Annual property tax
- $4,568
- Tax per sq ft
- $1.71
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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