49-67 Adelaide ST, Kingston, ON K7K 1Y3
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49-67 Adelaide ST, Kingston, ON K7K 1Y3
49-67 Adelaide ST, Kingston, ON K7K 1Y3
49-67 Adelaide ST, Kingston, ON K7K 1Y3
49-67 Adelaide ST, Kingston, ON K7K 1Y3
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Jethro Seymour

Jethro Seymour

+1(416) 712-0767
$ 3,199,900
Est. payment /mo
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49-67 Adelaide ST Kingston, ON K7K 1Y3

12 Baths

UPDATED:

Key Details

Property Type Commercial

Sub Type Investment

Listing Status Active

Purchase Type For Sale

Subdivision 22 - East Of Sir John A. Blvd

MLS Listing ID X13467366

Annual Tax Amount $20,682

Tax Year 2026

Property Sub-Type Investment

Lot Depth 165.0

Lot Front 132.0

Property Description

An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of Downtown Kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its own private walk-out basement, with 6 units also offering decks off the living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current Cap Rate of 5.24%, with a projected Cap Rate of approximately 5.37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to Downtown Kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals.

Location

Province ON

County Frontenac

Area Frontenac

Interior

Cooling No

Exterior

Utilities Available Yes

Lot Frontage 132.0

Lot Depth 165.0

Others

ParcelsYN No

Listed by ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Jethro Seymour

Jethro Seymour

Broker

+1(416) 712-0767

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49-67 Adelaide ST

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