442 Macdonnell Street
Kingston, ON
- 12 bed
- 12 bath
- approx. < 700 sqft
- Multiplex
- 6 days on market
Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 6 one-bedroom units and 6 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $186600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. CMHC Mortgage is transferable with certain conditions. The Loan loan term ends in 2029
Listing Details
- Taxes (2026)
- $20,636
- Listed
- September 13, 2026
Price History
Listing history
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Property
- Style
- Other
- Construction
- Brick
- Roof
- Flat
- Foundation
- Concrete
- Interior
- None
- Lot Size
- 33.91 x 67.4 Feet
Parking
- Garage
- None
- Covered Spaces
- 0
- Total Parking
- 3
Utilities
- Sewer
- Sewer
- Heat Source
- Electric
Location & Legal
- Cross Street
- Princess St and MacDonnell
- Parcel Number
- 360240026
- Possession
- Immediate
- Occupancy
- Tenant
Included
- Inclusions
- 12 Stoves, 12 Refrigerators. New Hot water Tank(2 years), New Roof(1 year)
- Exclusions
- Coin Washer Dryer No need to paid rent, Tenants' Belongings
Schools
Elementary
- Rideau Public School0.4 km
Public · Limestone DSB · 450 students
Grade 3 reading: 74% met the provincial standard · Grade 6 math: 59% met the provincial standard
- Winston Churchill Public School1 km
Public · Limestone DSB · 235 students
Grade 3 reading: 96% met the provincial standard · Grade 6 math: 75% met the provincial standard
- Katarokwi Elementary Learning Centre Elementary Public School1.1 km
Public · Limestone DSB
Secondary
- Regiopolis/Notre-Dame Catholic High School1.1 km
Catholic · Algonquin and Lakeshore CDSB · 825 students
Grade 10 literacy: 83% met the provincial standard
- Limestone School of Community Education1.2 km
Public · Limestone DSB
- Limestone Online Secondary School1.2 km
Public · Limestone DSB
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 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
Residential Freehold in Kingston · last 12 months
- Median sold price
- $585,000
- Homes sold
- 1,634
- Median days on market
- 24
- Sale-to-list price
- 97.3%
Based on 1,634 recorded sales of residential freehold properties in Kingston over the last 12 months.
Listed by
CENTURY 21 LANDUNION REALTY INC.
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Mortgage Calculator
$475,000
Estimated Monthly Payment
$11,668
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: $11,668/mo (20% down, 5.5%)
Taxes: $1,720/mo · Insurance: $594/mo
Estimates only. Consult a financial advisor.
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