138 Chatham Street Kingston, Ontario K7K 4H4
$775,000
Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until April 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential. (id:63203)
Property Details
| MLS® Number | X13126954 |
| Property Type | Multi-family |
| Neigbourhood | University District |
| Community Name | 22 - East of Sir John A. Blvd |
| Amenities Near By | Park, Public Transit |
| Equipment Type | Water Heater |
| Features | Irregular Lot Size |
| Parking Space Total | 2 |
| Rental Equipment Type | Water Heater |
| Structure | Porch, Shed |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 6 |
| Bedrooms Total | 6 |
| Age | 100+ Years |
| Amenities | Separate Electricity Meters |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Cooling Type | None |
| Exterior Finish | Vinyl Siding |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,500 - 2,000 Ft2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Park, Public Transit |
| Sewer | Sanitary Sewer |
| Size Depth | 70 Ft ,3 In |
| Size Frontage | 51 Ft |
| Size Irregular | 51 X 70.3 Ft |
| Size Total Text | 51 X 70.3 Ft|under 1/2 Acre |
| Zoning Description | Ur5 |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Bathroom | 3.13 m | 1.5 m | 3.13 m x 1.5 m |
| Second Level | Bedroom | 3.52 m | 5.61 m | 3.52 m x 5.61 m |
| Second Level | Bedroom | 3.53 m | 3.02 m | 3.53 m x 3.02 m |
| Second Level | Bedroom | 3.1 m | 2.83 m | 3.1 m x 2.83 m |
| Main Level | Living Room | 3.41 m | 6.46 m | 3.41 m x 6.46 m |
| Main Level | Kitchen | 5.08 m | 2.83 m | 5.08 m x 2.83 m |
| Main Level | Dining Room | 4.45 m | 1.8 m | 4.45 m x 1.8 m |
| Main Level | Bedroom | 3.45 m | 3.92 m | 3.45 m x 3.92 m |
| Main Level | Bedroom | 3.44 m | 2.37 m | 3.44 m x 2.37 m |
| Main Level | Bathroom | 1.65 m | 2.64 m | 1.65 m x 2.64 m |
| Main Level | Laundry Room | 1.9 m | 1.69 m | 1.9 m x 1.69 m |
| Upper Level | Bedroom | 4.69 m | 4.05 m | 4.69 m x 4.05 m |
| Upper Level | Kitchen | 3.11 m | 3.21 m | 3.11 m x 3.21 m |
| Upper Level | Bathroom | 2.81 m | 1.14 m | 2.81 m x 1.14 m |
Utilities
| Cable | Available |
| Electricity | Installed |
| Sewer | Installed |
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May 14 2026 02:51:44
Toronto Regional Real Estate Board
One Percent Realty Ltd.