423 PALACE Road

Single Family For Sale in Kingston, Ontario

$974,995
  • 5 Beds
  • 3 Baths
  • 2,000 Sq. Ft.

This property checks all the boxes. Are you a parent looking to house your son or daughter at Queens—want to have it paid for? Then this property is for you. Or are you a savvy investor that just wants great returns and a solid investment—we have you covered! Don't be deceived by its modest exterior—423 Palace Road is a fully furnished, turn-key, high performing investment. This property is larger than it looks due to a large addition at the rear. Discover 423 Palace Road—an exceptional, well-maintained legal 3-unit property in the heart of the City. With two 2-bedroom units, one 1-bedroom unit, and close proximity to Queen's University, hospitals, and public transit, it appeals to mature tenants and professionals. Standout features include a 100-gallon owned solar hot water heater, energy-efficient vinyl windows, and upgraded insulation for reduced operational costs. Offering an attractive income stream and with a sought after short-term rental rating, it's ideal for long-term tenants and Airbnb ventures. Don't miss this opportunity with a 7.07% CAP Rate, a projected 6.71% ROI. and with 0% vacancy and fully leased until 2025. (id:4069)
Address 423 PALACE Road
List Price $974,995
Property Type Single Family
Type of Dwelling House
Style of Home 2 Level
Area Ontario
Sub-Area Kingston
Bedrooms 5
Bathrooms 3
Floor Area 2,000 Sq. Ft.
MLS® Number 40572559
Listing Brokerage RE/MAX Service First Realty Inc, Brokerage
Basement Area Full (Finished)
Postal Code K7L4T5
Zoning UR5

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Jamie Purdon, Broker

RE/MAX Finest Realty Inc., Brokerage

105-1329 Gardiners Road Kingston Ontario K7P 0L8

Mobile: 613-483-9178

Office: 613-389-7777

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