$1,649,000
17.55 BTC
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493 College Street, Kingston
$1,649,000
PRICE
8 + 3
BEDROOMS
4
BATHROOMS
X12544210
MLSID

493 College Street, Kingston

Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen's University, St. Lawrence College, and the Teachers' College, this property attracts quality tenants and ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location - modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you've been looking for. Schedule your private viewing today.
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Summary

Address
493 College Street
MLSID
X12544210
Property Type
Multiplex
Property Category
Bedrooms
8 + 3
Bathrooms
4
Kitchens
3 + 1
Zoning
A
Taxes (Annual)
$6,067.47
Tax Year
2025
Published
November 14, 2025
Days on Market
94 Days
Possession Type
Flexible
Possession Details
Tbd
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Inclusions

Refrigerator (x4), stove (x4), dishwasher (x4), microwave (x4), washer/dryer stack-up (x4), and window coverings.

Exclusions

Furniture in Unit #1.

Details

Property Features
Public Transit
Security Features
Carbon Monoxide Detectors, Smoke Detector
Bathroom 1
4-Piece Main Level
Bathroom 2
4-Piece Second Level
Bathroom 3
4-Piece Basement Level
Basement
Full, Finished
Interior Features
Water Heater Owned
Parking Spaces
4
Parking Total
4
Parking Features
Private
Architectural Style
2-Storey
Roof
Asphalt Shingle
Construction Materials
Brick, Vinyl Siding
Lot Size
0 Acres
Lot Width
45 Feet
Lot Depth
125 Feet
Water
Municipal
Heat Source
Gas
Heat Type
Forced Air
New Construction
No
Occupant Type
Tenant
Private Entrance
No
Sauna
No
Seasonal Property
No
Hot Tub / Spa
No
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