493 COLLEGE Street, Kingston, Ontario K7L 4M8 is For Sale and has a listing price of 1,649,000. The property is located in the Kingston . It's been on the website for 1 Day.
Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen’s University, St. Lawrence College, and the Teachers’ College, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location – modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you’ve been looking for. Schedule your private viewing today.
| List Date | MLS ID | List Price | Status | End Date | Closed Price |
|---|---|---|---|---|---|
| 11/14/2025 | X12544210 | $1,649,000 | For Sale | - | - |
| 09/02/2025 | X12373668 | $1,649,000 | Cancelled | 10/14/2025 | - |
| 06/20/2025 | X12234908 | $1,780,000 | For Sale | 08/25/2025 | - |