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70 Montreal Street, Kingston, Ontario K7K 3E8

$1,069,000

TRIPLEX

4 + 1 Bedrooms

3 Bathrooms

Downtown

Unit Breakdown

Unit 1

Industrial apartment - 1 Bed 1 Bath

Gross earnings in 2023 - $43,749.10

Unit 2

Studio Space - 1 Bed 1 Bath

Gross earnings in 2023 - $36,046.85

Unit 3

Heritage Loft- 3 Bed 1 Bath

Gross earnings in 2023 - $51,780.20

More Information

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About the Property

Discover 70 Montreal St, Kingston, Ontario, a fully renovated heritage triplex with three separate entrances. Built in the 1880s, this stunning property blends historical charm with modern updates, offering a rare investment opportunity.

Each of the three apartments has been carefully updated in the past four years, ensuring comfort and style. Located just a 15-minute walk from Queen’s University, and only minutes to grocery stores, gyms, and Downtown Kingston, this property is ideal for student rentals or as a high-performing Airbnb. For buyers interested in continuing its successful Airbnb operation, all future bookings and the Airbnb account can be seamlessly transferred.

With consistent annual revenues exceeding $100,000, and $129,987 earned in the previous fiscal year, this property is on track for its most profitable year yet.

Don’t miss out on this incredible investment opportunity in the heart of Kingston!

PROPERTY FEATURES

Close to Downtown

Multiple Income Streams

Ideal For Portfolio Expansion

Potential for Long Term Expansion

Stable Rental Demand

PROPERTY INFO

Beds 4 + 1

Bathrooms 3

Units 3

Year Built 1880

LOT INFORMATION

Listing Type Multi-family

Lot 0.022 Acres

Heating Forced Air, Gas

Cooling Wall Unit

County Frontenac

3 Reasons Why Airbnb is Popular in Kingston

Kingston, Ontario, has become a hotspot for Airbnb travelers in recent years, attracting a diverse range of guests. From students and families to tourists exploring the city’s vibrant culture and history, short-term rental properties are growing in demand.

Here are three reasons why Airbnb has become so popular in Kingston:


#1. Diverse Neighborhoods for Every Traveler
Kingston offers a variety of neighborhoods, each catering to different preferences and travel styles. Whether it's the lively and bustling atmosphere of Downtown Kingston, the historic charm of Sydenham District, or the tranquility of Portsmouth Village, guests can choose accommodations that fit their desired experience. Proximity to landmarks like Queen’s University, Lake Ontario, and numerous parks and green spaces make it easy for visitors to find a rental that enhances their trip, whether they seek a vibrant city experience or a peaceful getaway.


# 2. Growing Tourism and Local Events
Kingston has seen a surge in tourism, driven by local events, festivals, and its status as a top vacation destination. The city was ranked third among Canada Day vacation spots, with many travelers searching for family-friendly stays. This increased interest makes Airbnb an attractive option for short-term visitors looking for the convenience of fully furnished homes and flexibility in bookings, especially for weekend trips, holiday events, and university visits.


# 3. Affordability and Variety in Lodging Options
The rise in short-term rentals has provided an affordable and diverse alternative to traditional hotels. With nightly rates ranging from budget-friendly options to high-end stays, Airbnb offers something for every budget. The competitive pricing and unique variety in housing options—from cozy apartments to spacious villas—provide guests with greater flexibility and choice. The availability of entire homes or private rooms allows for a more personalized and comfortable travel experience, often at a more affordable rate than standard hotel stays.


Kingston’s diverse neighborhoods, growing tourism, and affordable lodging options make it an ideal city for Airbnb stays. As the short-term rental market continues to thrive, more guests are discovering the benefits of choosing Airbnb for their stay in this vibrant Ontario city. Whether it's a quick weekend trip, a family vacation, or a longer exploration of Kingston's history and culture, Airbnb has options to suit every need.

Why Visit Kingston?

Kingston is a vibrant city rich in history, culture, and scenic beauty. With its charming waterfront, bustling downtown, and diverse neighborhoods, it's the perfect destination for exploring heritage sites, enjoying outdoor activities, and savoring the best of Canadian hospitality.

Fort Henry National Historic Site


Fort Henry continues its role as a museum and historic site to visitors from all around the world. Once inside the wooden gates, enter the realm of 19th century military life.

Learn More

Ride The Kingston Trolley


The adorable red trolley’s make nine stops across downtown Kingston covering historic old town, the downtown shopping district, and travels east towards Fort Henry and west towards Kingston Penitentiary.

1000 Islands


This is where you can see castles straight out of a storybook and ancient shipwrecks that met their fate in the depths of our waters.

Kingston Penitentiary


Tours of Kingston Penitentiary offer a rare and unique opportunity to go behind the walls of Canada's oldest and most notorious maximum security prison.

Queen's University

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Queen's is a leading, research-intense university in Canada offering an inclusive, transformative education that will prepare you to make a global impact

Sunset Dinner Harbour Cruise


Enjoy a three-course meal served to your table aboard the glass-topped Island Star, featuring stunning Kingston waterfront views and live entertainment.

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.

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