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138 CHATHAM STREET, Kingston (East of Sir John A. Blvd) — listed at $775,000. Earn buyer cashback at closing. No catches, just more money in your pocket.
Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until April 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential. (id:60164)
| Room | Level | Dimensions |
|---|---|---|
| Living room | Main level | 3.41 x 6.46 meters |
| Bathroom | Second level | 3.13 x 1.5 meters |
| Bedroom | Upper Level | 4.69 x 4.05 meters |
| Kitchen | Upper Level | 3.11 x 3.21 meters |
| Bathroom | Upper Level | 2.81 x 1.14 meters |
| Kitchen | Main level | 5.08 x 2.83 meters |
| Dining room | Main level | 4.45 x 1.8 meters |
| Bedroom | Main level | 3.45 x 3.92 meters |
| Bedroom | Main level | 3.44 x 2.37 meters |
| Bathroom | Main level | 1.65 x 2.64 meters |
| Laundry room | Main level | 1.9 x 1.69 meters |
| Bedroom | Second level | 3.52 x 5.61 meters |
| Bedroom | Second level | 3.53 x 3.02 meters |
| Bedroom | Second level | 3.1 x 2.83 meters |
How is the space laid out across floors?+
This is a 2-storey multi-family. The 6 bedrooms and 3 bathrooms are typically split with living areas on the main floor and bedrooms above — confirm the exact layout during a showing.
What's the parking situation?+
This property includes 2 spaces — No Garage.
Is there air conditioning?+
No central cooling is listed. Budget for portable or window units, or get a quote for adding central air — typically $5,000–$10,000 installed.
Is 138 CHATHAM STREET a good fit for a growing family?+
With 6 bedrooms and 3 bathrooms, there's room for kids plus a guest room or home office. The 2-storey layout keeps living and sleeping areas separated.
Does it have a basement, and is it finished?+
Yes — Unfinished, Full. A finished basement adds meaningful living space beyond the listed square footage.
How is the home heated? Is it efficient?+
Heating is forced air, natural gas. Gas heating is generally the most cost-efficient option in Ontario winters.
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