442 Macdonnell Street
Kingston, ON
- 1,883 sqft
- Investment
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
- Lot Size
- 33.91 x 67.4 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Princess St and MacDonnell
- Zoning
- C4-H(t1)
- Parcel Number
- 360240026
- Possession
- Immediate
- Occupancy
- Tenant
Commercial
- Business Type
- Apts - 6 To 12 Units
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
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
Commercial 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 commercial properties in Kingston over the last 12 months.
Listed by
CENTURY 21 LANDUNION REALTY INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Street View
Commercial figures
- Building area
- 1,883 sq ft
- Price per sq ft
- $1,261.29
- Annual property tax
- $20,636
- Tax per sq ft
- $10.96
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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