$4,750,000
80 VIRGINIA STREET
Rideau, Kingston, ON
About this property
Excellent opportunity to acquire a well-maintained 25-unit low-rise apartment building in Kingston, Ontario. Previously REIT-owned, this property has been professionally managed and is in excellent overall condition. Conveniently located on a bus route, minutes to Highway 401, and close to downtown Kingston.The building offers stable in-place income with clear upside through rental increases on tenant turnover. Additional lift may be available by having new tenancies pay their own hydro.A clean, stabilized multifamily asset in a strong rental market with meaningful long-term upside. (id:66946)
Features
Listing courtesy of RE/MAX RISE EXECUTIVES, BROKERAGE. Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.