686 Montreal Street
22 - East of Sir John A. Blvd / Kingston, ON K7K 3J4
About This Property
686 Montreal Street is a legal 6-unit apartment building (6-plex) approx: 3,200-4,600 sq ft range (sources vary) 8 bedrooms total. 4 x 1 bedroom apartments and 2 x 2-bedroom apartments. Features: separate hydro meters per unit (tenant-paid utilities) shared laundry (basement). additional garage/workshop structure on site. Roof approx 10 yrs old. Electrical up grade 2 yrs ago. Common forced air furnace. Each tenant pays for their own hot water tank rental. From an investor standpoint: this is a classic Kingston cash-flow asset-older stock, separately metered, low operating complexity. 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)
Property Details
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Features & Amenities
- View
- Air Conditioning
- Basement
TRREB MLS® Attribution
MLS® X13104206
Listed by SUTTON GROUP-MASTERS REALTY INC., BROKERAGE
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Team Filipe · RE/MAX · (647) 210-6070
Mortgage Estimate
Est. Monthly Payment
$4,883
/month · $799,920 mortgage
Amortization
Total Interest
$664,873
Total Cost
$1,464,793
Estimate only. Based on Canadian semi-annual compounding, 25-yr amortization at 5.5%.
Full Mortgage Calculator →Listed By
SUTTON GROUP-MASTERS REALTY INC., BROKERAGE