160 King St E, Kingston
$ 1,888,800 4 unit building
7+2 Bedrooms
4+1 Bathrooms
2,906.75 sq.ft.
Unit Breakdown
Unit 1
5 Bed 2 Bath
Rental Income: $5,250.00/mo
Unit 2
1 Bed 1 Bath
Rental Income $2,350.00/mo
Unit 3
Studio 1 Bath
Rental Income: $1,500.00/mo
Unit 4
2 Bed 1 Bath
Rental Income: $2,500.00/mo
additional info:
Parking: Two spaces - $120 and $60(discounted)
Coin Laundry: 1x washer & 1x dryer: $80-$100/mth
Electricity: All units have separate electrical meters
Heat/water: Provided by landlord
Security: Intercom panel at front door and security system with cameras
EXCEPTIONAL OPPORTUNITY - complete renovation (new electrical, plumbing, mechanical; fully permitted/inspected). Turn-key 4-plex with 9 beds / 2 parking, a 2-minute walk to Queen’s University and Kingston General Hospital; steps to downtown.
Current gross rent $11,860/month ($142,320/yr).
All units have separate hydro meters; owner currently pays hydro and internet—transfer on renewal for ≈$4,600/yr NOI lift.
Impeccably maintained, low-maintenance building with consistent demand from students, hospital staff, and professionals.
Ideal for investors seeking stable cash flow with upside, or Queen’s parents wanting safe, modern housing now and a quality rental hold long-term.
The property produces a stabilized NOI of $101,628, inclusive of management, maintenance, and all other recurring operating costs.
Virtual Tour
and
Floor plans
RECENT UPDATES*
- Boiler (tankless NAVIEN 150 NG) – installed 2020, serviced Aug 2024
- Water heater (NTI indirect) – installed 2023, serviced Aug 2024
- Washer – 2023
- Fridges – 2023 & 2024
- Roof – approx. 15 years, renovated in 2024, in good condition
- Fire escape stairs – fully restored (sanding, rewelding, painting) in 2024
- Electrical wiring & plumbing – updated in 2014
- Windows – upgraded in 2014
- This property was fully restored in 2014, including the not limited to all plumbing, electrical, fire separations, drywall, framing, insulation etc. The extensiveness of these renovations are very rare. Please contact the listing agent for more details. (with permit and inspections)
* Information provided by the Seller and to be confirmed but the Buyer
MEET YOUR AGENTS
Jordan McGregor
REALTOR®
With over two decades in the real estate industry, I've dedicated my career to understanding and navigating the Kingston market. My name is Jordan McGregor, and I pride myself on my extensive knowledge in property investments. Throughout my time in Kingston, I've not only witnessed its incredible growth but have actively played a role in its real estate evolution. My commitment is to provide unparalleled expertise and insights, whether you're just starting out or are a seasoned investor. In Kingston's ever-changing property landscape, I'm here to guide you every step of the way.
Kateryna Topchii
REALTOR®
Hi, I'm Kateryna, your real estate guide. Originally from Ukraine, I've been in Kingston for over five years, combining my international background with a deep understanding of the local market.
With a Master's degree in economics and experience as a financial manager in property management, I offer personalized service tailored to your unique real estate needs. Whether you're seeking your dream home or an investment opportunity, I'm here to make it a smooth and successful journey. I'm not just a real estate agent, but a partner dedicated to turning your real estate dreams into reality.