380 Barrie Street
Kingston, ON
- 8 bed
- 5 bath
- approx. 2000-2500 sqft
- Duplex
- 32 days on market
7.8 NET CAP RATE | $78,000 GROSS ANNUAL INCOME | TURN-KEY DUPLEX. An exceptional investment opportunity offering a strong 7.8 net cap rate, this recently updated duplex generates $78,000 in annual gross rental income and is ideally located just steps from the downtown core and within easy walking distance to Queen's University. Each spacious unit features four bedrooms, large principal rooms, and in-suite laundry, creating a highly desirable rental offering in a proven student and professional rental location. The well-maintained property offers parking for three vehicles, with additional upside potential through the monetization of the parking spaces. New leases are in place through the end of April 2027(with the high possibility of both units renewing), providing investors with stable, secured income and immediate cash-flow potential. The current owners have enjoyed zero vacancy throughout their ownership, highlighting the property's strong tenant demand and desirable location. Additional recent improvements include a new roof installed in 2024 as well as new laundry/bathroom 2026. With a 7.8 NET CAP RATE, established rental income, secured tenancy, zero vacancy history, and further potential to increase revenue, this is a compelling turn-key investment opportunity for investors seeking strong, reliable cash flow. Unit 1 $3200/month plus tenants pay for utilities, Unit 2 $3300/month and tenants pay for utilities.
Listing Details
- Taxes (2026)
- $5,731
- Originally Listed
- $929,000
- Listed
- August 17, 2026
Price History
Listing history
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Property
- Style
- 2-Storey
- Construction
- Aluminum Siding
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Carpet Free, Water Heater Owned
- Lot Size
- 34.3 x 74 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- colborne
- Parcel Number
- 360500098
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- 2 fridges, 2 stoves, 2 washer and 2 dryer
- Exclusions
- tenant belongings
- Rental Items
- none
Schools
Elementary
- Cathedrale Catholic School0.4 km
Catholic · Algonquin and Lakeshore CDSB · 300 students
Grade 3 reading: 81% met the provincial standard · Grade 6 math: 54% met the provincial standard
- Central Public School0.4 km
Public · Limestone DSB · 220 students
Grade 3 reading: 88% met the provincial standard · Grade 6 math: 65% met the provincial standard
- Sydenham Public School0.7 km
Public · Limestone DSB · 135 students
Grade 6 math: 40% met the provincial standard
Secondary
- Regiopolis/Notre-Dame Catholic High School1 km
Catholic · Algonquin and Lakeshore CDSB · 825 students
Grade 10 literacy: 83% met the provincial standard
- Loyalist Collegiate and Vocational Institute2.4 km
Public · Limestone DSB · 750 students
Grade 10 literacy: 86% met the provincial standard
- Kingston Secondary School2.4 km
Public · Limestone DSB · 1110 students
Grade 10 literacy: 87% met the provincial standard
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 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
Residential Freehold in Kingston · last 12 months
- Median sold price
- $585,000
- Homes sold
- 1,633
- Median days on market
- 24
- Sale-to-list price
- 97.3%
Based on 1,633 recorded sales of residential freehold properties in Kingston over the last 12 months.
Rooms
2-piece on Ground, 4-piece on Ground, 2-piece on Ground, 4-piece on Second, 3-piece on Second
Second
- Bedroom9' x 14'
- Bedroom 29' x 13'
- Bedroom 38'9" x 9'11"
- Bedroom 49'8" x 9'11"
- Kitchen14'2" x 11'
- Living Room46'6" x 38'7"
Ground
- Bathroom5' x 6'
- Bathroom11'8" x 5'6"
- Bedroom8'8" x 12'7"
- Bedroom 28'7" x 10'10"
- Bedroom 314'6" x 8'7"
- Bedroom 412'10" x 8'8"
- Kitchen17' x 12'4"
- Living Room20'4" x 14'4"
- Powder Room5' x 3'
Listed by
SUTTON GROUP-MASTERS REALTY INC., BROKERAGE
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$179,800
Estimated Monthly Payment
$4,417
Land transfer tax
Ontario land transfer tax only. An estimate — not legal or financial advice. Municipal land transfer tax applies in Toronto and is not included.
Investment Analysis
No recent nearby lease data. Enter a rent to see the numbers.
Mortgage: $4,417/mo (20% down, 5.5%)
Taxes: $478/mo · Insurance: $225/mo
Estimates only. Consult a financial advisor.
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