378 Barrie Street
Kingston, ON
- 5 bed
- 2 bath
- approx. 1100-1500 sqft
- Semi-Detached
- 17 days on market
6.8% Net Cap Rate with Additional Income Upside. An exceptional turnkey investment opportunity with $43,200 in annual gross rental income and a 6.8% net cap rate, with further potential to increase revenue. The property is currently rented as a 4-bedroom student rental at $3,600 per month plus tenants pay utilities, with a lease in place until the end of April 2027 with the high possibility of these tenants renewing their leases. Located within walking distance of downtown Kingston and Queen's University, this property benefits from a highly desirable location and consistent demand for student housing. The property has been well maintained and consistently occupied, offering investors immediate income while providing clear upside potential. With the existing four-bedroom configuration generating a 6.8% net cap rate, the opportunity to add rental income through the currently unused bedroom, potential dining-room conversion, and parking space creates the potential for an even stronger return over time. There is meaningful opportunity to increase the property's income beyond the current $43,200 annual rent. The home includes a fifth, smaller bedroom on the second floor that is not currently being rented, along with the potential to convert the existing dining room into an additional bedroom. There is also one dedicated parking space that could potentially be monetized separately. These opportunities provide investors with several avenues to enhance future rental income with relatively modest improvements. Laundry is located in the lower level full height basement.
Listing Details
- Taxes (2026)
- $3,478
- Listed
- September 1, 2026
Price History
Listing history
Sign in to view
Property
- Style
- 2-Storey
- Construction
- Vinyl Siding
- Roof
- Asphalt Shingle
- Foundation
- Stone
- Interior
- Carpet Free, Water Heater Owned
- Lot Size
- 16.7 x 74 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 1
Utilities
- Sewer
- Sewer
- Heat Source
- Gas
Location & Legal
- Cross Street
- queen st
- Parcel Number
- 360500099
- Possession
- Flexible
- Occupancy
- Tenant
Included
- Inclusions
- washer/dryer, fridge, stove,
- Exclusions
- tenant belongings
- Rental Items
- none
Schools
Elementary
- Cathedrale Catholic School0.3 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
4-piece on Second, 3-piece on Ground
Second
- Bathroom7'5" x 7'5"
- Bedroom 210'4" x 7'8"
- Bedroom 38'9" x 10'8"
- Bedroom 49'2" x 16'2"
- Bedroom 510'4" x 10'4"
Ground
- Bathroom5'9" x 4'11"
- Bedroom8'8" x 10'8"
- Dining Room11'10" x 10'4"
- Kitchen12'11" x 11'1"
- Living Room15'11" x 10'4"
Listed by
SUTTON GROUP-MASTERS REALTY INC., BROKERAGE
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$111,800
Estimated Monthly Payment
$2,746
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: $2,746/mo (20% down, 5.5%)
Taxes: $290/mo · Insurance: $140/mo
Estimates only. Consult a financial advisor.
Reita | Assistant
Online
Reita is an automated assistant, not a licensed real estate agent. I can help you explore neighbourhoods, understand the market, and find our free tools. What are you looking for?