Prime Student Rental Investment steps from Queens University - An exceptional opportunity for investors! This well-maintained, all-brick house is a new construction, purpose-built student rental and perfectly designed for strong, reliable returns. Featuring 8 bedrooms, 4 bathrooms, and two self-contained units, this property offers a separate entrance in-law suite, making it highly versatile. Key Features: Spacious & bright, large windows throughout, gleaming hardwood floors. Dual Setup: 2 kitchens, 2 living rooms, dual laundry, dual meter bases, dual panels, and dual heating sources. Comfortable & quiet. Well-insulated with minimal yard work, situated in a peaceful neighbourhood with great neighbours in a convenient location, 3-minute walk to a bus stop, easy access to Queens University and downtown. Parking: Private driveway fits three cars. The current landlord takes pride in creating a true "home away from home" for students, ensuring tenant satisfaction and strong occupancy rates. With an attractive cap rate, this is a turnkey investment in one of Kingston's most desirable student rental areas.
Address
118 Napier Street
List Price
$1,285,000
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Area
Kingston
Sub-Area
14 - Central City East
County
Frontenac
Bedrooms
6 + 2
Bathrooms
4
Floor Area
1100 - 1500 Sq. Ft.
Lot Depth
48.88
Lot Size Range (Acres)
.50 - 1.99
Lot Size Units
Feet
Lot Width
47.99
Approx. Age
6 - 15 Years
MLS® Number
X12016811
Listing Brokerage
EXP REALTY, BROKERAGE
| EXP REALTY
Basement Area
Apartment, Separate Entrance
Postal Code
K7L 0B5
Parking Places (Total)
3
Tax Amount
$8,500.34
Tax Year
2024
Exterior Features
Landscaped, Controlled Entry
Interior Features
In-Law Suite
Property Features
Hospital, Public Transit, School, School Bus Route
Heat Source
Gas
Heat Type
Forced Air
Cooling Features
Central Air
Construction Materials
Brick
Direction Faces
West
Foundation Details
Poured Concrete
Garage Type
None
Kitchens Total
2
Other Structures
None
Pool Features
None
Roof
Asphalt Shingle
Security Features
Carbon Monoxide Detectors, Smoke Detector
Sewer
Sewer
