287 Westdale Avenue
Kingston, ON
- 15,360 sqft
- Investment
- 98 days on market
Purpose-built 21-unit apartment building in Kingston offering a rare combination of scale, condition, and long-term stability in a strong rental market. Situated on a 15,360 square foot lot, the building comprises sixteen 2-bedroom units and five 1-bedroom units with stable tenancy and consistent occupancy history. Constructed in 1962 with concrete construction and attractive brick exterior, the property features an elevator servicing all four floors, terrazzo common areas, hardwood parquet flooring within units, updated entry/security system, newer roof, and recently constructed balconies. Three units have been freshly renovated, providing immediate upside and demonstrating strong rental appeal. Tenants enjoy individual air conditioning units, dedicated outdoor parking, common coin-operated laundry facilities, and individual storage lockers. Hydro is separately metered to tenants, while the building operates with efficient common gas-fired hot water heating. Current gross annual revenue for 2025 is approximately $326,000 with estimated rental upside of approximately 23% to current market levels, offering meaningful long-term income growth potential for investors. Pride of ownership is evident throughout this clean, professionally maintained asset. Excellent opportunity for investors seeking a stable multi-residential holding with strong in-place income and long-term upside in one of Eastern Ontario's most resilient rental markets. Offered at $4,134,000.
Listing Details
- Taxes (2025)
- $46,580
- Originally Listed
- $4,450,000
- Listed
- June 1, 2026
Price History
Property
- Age
- 51-99
- Lot Size
- 100 x 152.6 Feet
Parking
- Garage
- None
Utilities
- Sewer
- Sanitary
Location & Legal
- Cross Street
- Bath Road/Westdale Ave.
- Zoning
- B3 Multi-residential
- Parcel Number
- 360230018
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - Over 20 Units
Included
- Inclusions
- All existing appliances belonging to the Seller. Two coin op washers/dryers
- Exclusions
- Tenants belongings
Community
Postal area K7L
- Population
- 19,621
- Private dwellings
- 12,191
- Median age
- 40
- Average household size
- 2
- Median household income
- $72,500
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
- $588,950
- Homes sold
- 1,632
- Median days on market
- 24
- Sale-to-list price
- 97.3%
Based on 1,632 recorded sales of commercial properties in Kingston over the last 12 months.
Listed by
ROGERS & TRAINOR COMMERCIAL REALTY INC., BROKERAGE
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 15,360 sq ft
- Price per sq ft
- $269.14
- Annual property tax
- $46,580
- Tax per sq ft
- $3.03
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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