7 Rideau Street

Property Description

Fourplex for sale in Kingston located in 7 Rideau Street , Ontario, K7K2Z5, Canada. This Fourplex have 3 bedrooms and 4 bathrooms. This property listing building style is Detached. For all the rest of the information we have about this property in Kingston , see above.

Exceptional mixed-use investment opportunity, centrally located near the heart of Kingstons historic downtown core, 1-block from a major grocery anchor, steps to City Hall, Market Square, Leons Entertainment Centre and Kingston renowned artisanal cafes, eclectic shops and award-winning bistros. Situated in a residential neighbourhood and uniquely nestled in close proximity to high-traffic downtown venues, the property offers 3x1 Bedrooms suites, and 1 Commercial unit all with significant rental upside potential on turnover. The main level consists of Unit A, a 460 sf commercial suite w/ kitchenette, W/C, and 8ft ceilings. Unit B is an immaculate 1-Bed suite, fully upgraded (2014), with exposed brick and limestone walls, stainless steel appliances, walk-in closet, w/ Bedroom and Living Room both w/ views toward Lake Ontario. Unit C is an exceptionally maintained, upgraded and fully furnished 1- Bed 550 sf lower level suite, with high ceiling, full stainless steel appliances and exposed limestone walls. Unit D is an extremely unique and oversized 1-Bed suite with eat-in kitchen, full bath, storage, dining room, and living room with +16 ft cathedral ceilings with potential to create a loft. Unit D currently rented significantly below market, with endless potential on turnover. The property offers 3 on-site parking spaces, a rare feature in the neighbourhood. There are 3 electrical meters and 1 water meter (Unit C and D have dedicated meters). Pride of ownership is evident throughout this property, which has been impressively maintained and upgraded over the years. Common Coin-Operated laundry. Well kept, dry lower level, where you will also find 3 new hot water heaters. A great investment opportunity, AirBnB investment, or live-work arrangement by owner occupier.