608 Bagot Street Kingston, Ontario K7K 3E5
$539,000
A downtown up-and-down Inner Harbour legal duplex with the utilities all nicely separated. A freshly renovated (it's really quite brilliant) three-bedroom ground floor unit is vacant and ready to go. Up above is a good two-bedroom unit also vacant. Both have their own furnace and AC systems. This spacious detached property is in fine condition with maintenance-free vinyl siding, as well as ample parking and outdoor space. The downtown core is a twelve-minute stroll, Doug Fluhrer Park and the waterfront is not even five minutes away, and The Elm Cafe is closer than your own kitchen. It seems an unusually fine investment to me, offering the opportunity to set your own rents or live inexpensively in one of the city's most thrilling neighbourhoods. Conservative rents would be $2000 + on the main floor and $1300 + upstairs. 2023 taxes of $4493 and insurance of approximately $1400 per year suggest an NOI of 33,707 and a very healthy CAP rate of 6.2%. (id:28880)
Property Details
| MLS® Number | 40596535 |
| Property Type | Multi-family |
| Amenities Near By | Park, Place Of Worship, Public Transit, Schools, Shopping |
| Community Features | Quiet Area |
| Features | Paved Driveway |
| Parking Space Total | 4 |
Building
| Bathroom Total | 2 |
| Bedrooms Total | 5 |
| Basement Development | Unfinished |
| Basement Type | Crawl Space (unfinished) |
| Constructed Date | 1900 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1650 Sqft |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Access Type | Road Access |
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 106 Ft |
| Size Frontage | 39 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Ur5 |
https://www.realtor.ca/real-estate/26953574/608-bagot-street-kingston
Interested?
Contact us for more information
Mark Sinnett
Salesperson
www.machinesforlivingin.com/
80 Queen St
Kingston, Ontario K7K 6W7
(613) 544-4141
www.discoverroyallepage.ca/
Dimitra Baxter
Salesperson
7-640 Cataraqui Woods Drive
Kingston, Ontario K7P 2Y5
(613) 384-1200
www.discoverroyallepage.ca/
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June 18 2024 04:12:29
Kingston & Area Real Estate Association
Royal LePage Proalliance Realty, Brokerage