138 Chatham Street, Kingston, ON K7K 4H4
138 Chatham Street, Kingston, ON K7K 4H4, East of Sir John A. Blvd, Kingston
About this property
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.
Property information
Bedrooms
6
Bathrooms
3
Parking
2
Interior
1500-2000 sqft
Lot size
51 x 70.32 ft
Year built
—
Kitchens
2
Systems & features
Listing history
Market demand
Buyer's Market
9 months of supply — 33 active, 11 sold in the last 90 days, same type & city.
Location
138 Chatham Street, Kingston, ON K7K 4H4, East of Sir John A. Blvd, Kingston
Approximate location shown. Exact address provided upon confirmed showing.
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