247 Queen St., Kingston, ON
Duplex
5 Bedrooms
2 Bathrooms
Downtown
Unit Breakdown
Unit 1
1 Bed 1 Bath
Currently being rented for $1,775.00 + utilities.
Unit 2
4 Beds 1 Bath
Currently being rented for $3,700.00 + utilities. New lease signed until April 2026 at the same price.
About the Property
High-Yield Investment Near Queen’s University
This well-maintained duplex, just minutes from Queen’s University and downtown Kingston, offers exceptional rental income in a prime location.
- Unit 1: 1-bedroom – $1,775/month
- Unit 2: 4-bedroom – $3,700/month
- Tenants pay all utilities
With a true 6.1% cap rate and $665/month in cash flow, this property delivers strong returns in Kingston’s competitive rental market. Beyond steady income, it offers significant equity growth potential as interest rates decline, with the opportunity to refinance and recoup part of the initial investment within 12 months.
Financial breakdown available upon request.
More Information
Access Financial Information
Discover all the details of this exciting investment opportunity. View it today and see why this property is a must-see for savvy investors.
*All information provided on this site and in the brochure is to be verified by the buyer.
PROPERTY FEATURES
Prime Central Location
Multiple Income Streams
Ideal For Portfolio Expansion
Stable Rental Demand
PROPERTY INFO
Beds 5
Bathrooms 2
Units 2
Year Built 1871
Income and Expenses
Listing Type Semi-Detached, Duplex
Lot 0.124 Acres
County Frontenac
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.