686 & 688 Montreal Street
Kingston, ON K7K 3J4
Kingston, ON K7K 3J4
***686 Montreal St (Main Building)***... Legal 6-unit apartment building (6-plex) Approx: 3,200-4,600 sq ft range (sources vary) 8-10 bedrooms totalFeatures: Separate hydro meters per unit (tenant-paid utilities)Shared laundry (basement). Additional garage/workshop structure on site. From an investor standpoint: This is a classic Kingston cash-flow asset-older stock, separately metered, low operating complexity. **688 Montreal St (Accessory Property)**... Detached 2-bedroom, 1-bath bungalow. Fully rented (at time of last listing). This is effectively: Either a second principal structure on same holding Or a separate parcel being sold together (most likely)Planning / Zoning Insight (Important for Your Project) From your pre-consult file (D00-139-1015) and City feedback: Zoning: MUI - Mixed Use 1 Official Plan: Mixed Use. What that means in practice: Supports: Multi-unit residential. Conversions / intensification Additional dwelling units (subject to site constraints) BUT: You'll run into parking + amenity + access requirements. Likely legal non-conforming elements already exist (very common on Montreal St)"686 MONTREAL ST" : 4 x 1 BEDROOM APARTMENTS and 2 x 2 BEDROOM APARTMENTS. 2 UPDATED BOLIERS. ROOF APPROX 10 YRS OLD. ELECTRICAL UP GRADE 2 YRS AGO."688 MONTREAL ST" 2 BEDROOM SINGLE FAMILY HOME. ROOF APPROX 4 YRS OLD.EACH TENANT PAYS FOR THEIR OWN HOT WATER TANK RENTAL.
TRREB MLS® Attribution
MLS® X13048268
Listed by SUTTON GROUP-MASTERS REALTY INC., BROKERAGE
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Team Filipe · RE/MAX · (647) 210-6070
Est. Monthly Payment
$5,860
/month · $960,000 mortgage
Amortization
Total Interest
$797,927
Total Cost
$1,757,927
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
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SUTTON GROUP-MASTERS REALTY INC., BROKERAGE