Description

Listed by ROGERS & TRAINOR COMMERCIAL REALTY INC., BROKERAGE

Three four-bedroom townhouse apartments in Kingston's Inner Harbour, offering an opportunity to acquire an established residential investment close to downtown. 535, 537, and 539 Bagot Street comprise a legal triplex with current rents totaling $7,062 per month, with tenants paying all utilities. The well-maintained property offers parking for seven vehicles and an easy commute to Queen's University and Kingston General Hospital. Updates include new furnaces and A/C circa 2022, steel roofing circa 2018, and electrical updates, including new panels, circa 2015. All hot water tanks are owned. Close to parks, public transit, and everyday amenities, this centrally located property is competitively priced at approximately a 5.5% cap rate.