380 Barrie Street
Kingston, ON
- 8 bed
- 5 bath
- 2,250 sqft
- Investment
- 31 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, 2 full bathrooms, 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 future 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 in unit one in 2026 . With a 7.8 NET CAP RATE, established rental income, secured tenancy, zero vacancy history, and further potential to increase future 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
Sign in to view
Property
- Lot Size
- 34.3 x 74 Feet
Parking
- Garage
- None
Utilities
- Heat Source
- Electric
Location & Legal
- Cross Street
- colborne
- Zoning
- A
- Parcel Number
- 360500098
- Possession
- Flexible
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 2 To 5 Units
Included
- Inclusions
- qty of 2 fridges, 2 stoves, 2 set of washer/dryer, 2 hot water tanks
- Exclusions
- tenant belongings
- Rental Items
- none
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
- $586,000
- Homes sold
- 1,631
- Median days on market
- 24
- Sale-to-list price
- 97.3%
Based on 1,631 recorded sales of commercial properties in Kingston over the last 12 months.
Rooms
5 × washrooms
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 Room
Ground
- 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"
Listed by
SUTTON GROUP-MASTERS REALTY INC., BROKERAGE
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Building area
- 2,250 sq ft
- Price per sq ft
- $399.56
- Annual property tax
- $5,731
- Tax per sq ft
- $2.55
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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