5 Bedroom
3 Bathroom
2000
2 Level
Central Air Conditioning
Forced Air
$974,995
This property checks all the boxes. Are you a parent looking to house your son or daughter at Queens—want to have it paid for? Then this property is for you. Or are you a savvy investor that just wants great returns and a solid investment—we have you covered! Don't be deceived by its modest exterior—423 Palace Road is a fully furnished, turn-key, high performing investment. This property is larger than it looks due to a large addition at the rear. Discover 423 Palace Road—an exceptional, well-maintained legal 3-unit property in the heart of the City. With two 2-bedroom units, one 1-bedroom unit, and close proximity to Queen's University, hospitals, and public transit, it appeals to mature tenants and professionals. Standout features include a 100-gallon owned solar hot water heater, energy-efficient vinyl windows, and upgraded insulation for reduced operational costs. Offering an attractive income stream and with a sought after short-term rental rating, it's ideal for long-term tenants and Airbnb ventures. Don't miss this opportunity with a 7.07% CAP Rate, a projected 6.71% ROI. and with 0% vacancy and fully leased until 2025. (id:48714)
Property Details
MLS® Number
|
40572559 |
Property Type
|
Single Family |
Parking Space Total
|
4 |
Building
Bathroom Total
|
3 |
Bedrooms Above Ground
|
3 |
Bedrooms Below Ground
|
2 |
Bedrooms Total
|
5 |
Appliances
|
Dishwasher, Dryer, Refrigerator, Stove, Washer, Microwave Built-in |
Architectural Style
|
2 Level |
Basement Development
|
Finished |
Basement Type
|
Full (finished) |
Construction Style Attachment
|
Detached |
Cooling Type
|
Central Air Conditioning |
Exterior Finish
|
Vinyl Siding |
Fire Protection
|
Smoke Detectors |
Heating Fuel
|
Natural Gas |
Heating Type
|
Forced Air |
Stories Total
|
2 |
Size Interior
|
2000 |
Type
|
House |
Utility Water
|
Municipal Water |
Land
Access Type
|
Road Access |
Acreage
|
No |
Sewer
|
Municipal Sewage System |
Size Depth
|
135 Ft |
Size Frontage
|
50 Ft |
Size Total Text
|
Under 1/2 Acre |
Zoning Description
|
Ur5 |
Rooms
Level |
Type |
Length |
Width |
Dimensions |
Second Level |
4pc Bathroom |
|
|
Measurements not available |
Second Level |
Kitchen/dining Room |
|
|
11'8'' x 13'9'' |
Second Level |
Living Room |
|
|
11'5'' x 16'4'' |
Second Level |
Bedroom |
|
|
11'4'' x 16'4'' |
Lower Level |
Foyer |
|
|
7'4'' x 9'6'' |
Lower Level |
Laundry Room |
|
|
5'6'' x 8'6'' |
Lower Level |
4pc Bathroom |
|
|
5'4'' x 6'8'' |
Lower Level |
Kitchen |
|
|
10'10'' x 10'1'' |
Lower Level |
Living Room |
|
|
13'9'' x 14'0'' |
Lower Level |
Bedroom |
|
|
11'2'' x 19'4'' |
Lower Level |
Bedroom |
|
|
13'2'' x 9'2'' |
Main Level |
4pc Bathroom |
|
|
Measurements not available |
Main Level |
Dining Room |
|
|
1'9'' x 15'4'' |
Main Level |
Living Room |
|
|
14'8'' x 10'8'' |
Main Level |
Kitchen |
|
|
11'5'' x 9'10'' |
Main Level |
Bedroom |
|
|
15'0'' x 11'1'' |
Main Level |
Bedroom |
|
|
11'7'' x 19'10'' |
https://www.realtor.ca/real-estate/26763323/423-palace-road-kingston