120 Yonge Street
Kingston, ON
9 bed • 6 bath • approx. 3500-5000 sqft • Multiplex • 85 days on market
Prime Multi-Unit Investment Opportunity in Historic Portsmouth Village! This legal non-conforming five-unit residential building offers a turnkey opportunity in the heart of Portsmouth Village, ideally located at the corner of King Street West and Yonge Street. Fully renovated in 2021, it blends historic charm with modern function, just steps from Lake Ontario, Queens University, and west-end amenities. The property includes four spacious two-bedroom units and one bright one-bedroom unit, all thoughtfully upgraded with new insulation, siding, roof, windows, and exterior doors. Interiors feature modern fire and sound separations, updated mechanicals, plumbing, and electrical throughout. Each apartment is fully self-contained with its own natural gas furnace, central air, HRV, on-demand hot water tank, electrical panel, water meter, and in-suite laundry. Tenants pay all their own utilities, ensuring efficient, low-maintenance ownership. Units are finished to a high standard with stainless steel appliances, white shaker cabinetry, quartz countertops, tiled bath surrounds with full tubs, and ceramic flooring. Large windows create bright and inviting living spaces. Common indoor and outdoor lighting is on timers and powered by a dedicated electrical panel and sixth hydro meter, making this the only utility expense for the landlord. With desirable layouts, quality finishes, and an excellent location in one of Kingston' s most historic neighbourhoods, this fully renovated property presents a rare and stable multi-unit investment with strong rental appeal.
Listing Details
- Taxes (2025)
- $9,497
- Listed
- June 5, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- On Demand Water Heater, ERV/HRV, Separate Hydro Meter
- Lot Size
- 68.29 x 81 Feet
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- King Street W
- Parcel Number
- 360150081
- Possession
- 30-59 days
Commercial
- Occupancy
- Tenant
Included
- Exclusions
- Tenant's Belongings
- Rental Items
- HWT
Schools
Elementary
- Centennial Public School1.2 km
Public · Limestone DSB · 320 students
Grade 3 reading: 79% met the provincial standard · Grade 6 math: 40% met the provincial standard
- Winston Churchill Public School1.4 km
Public · Limestone DSB · 235 students
Grade 3 reading: 96% met the provincial standard · Grade 6 math: 75% met the provincial standard
- St Thomas More Catholic School1.7 km
Catholic · Algonquin and Lakeshore CDSB · 285 students
Grade 3 reading: 76% met the provincial standard · Grade 6 math: 18% met the provincial standard
Secondary
- Limestone School of Community Education1.9 km
Public · Limestone DSB
- Limestone Online Secondary School1.9 km
Public · Limestone DSB
- Katarokwi Learning Centre1.9 km
Public · Limestone DSB · 260 students
Straight-line distance. Nearby schools are not necessarily the assigned schools — confirm catchment with the school board. Scores are EQAO provincial test results for 2024-2025.
Community
Postal area K7M
- Population
- 49,268
- Private dwellings
- 22,585
- Median age
- 44.4
- Average household size
- 2.2
- Median household income
- $77,500
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
Residential Freehold in Kingston · last 12 months
- Median sold price
- $588,000
- Homes sold
- 1,623
- Median days on market
- 23
- Sale-to-list price
- 97.3%
Based on 1,623 recorded sales of residential freehold properties in Kingston over the last 12 months.
Listed by
RE/MAX RISE EXECUTIVES, BROKERAGE
Location
Street View
Mortgage Calculator
$420,000
Estimated Monthly Payment
$10,317
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $10,317/mo (20% down, 5.5%)
Taxes: $791/mo · Insurance: $525/mo
Estimates only. Consult a financial advisor.
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