290 Westdale Avenue, Kingston - Jessica Hellard Real Estate Group

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$3,100,000 | 15 Units

Wonderful 15 Unit Apartment Building for sale on Westdale Avenue just south of Princess by the Kingston Centre. Building features a large rooftop deck for tenants to enjoy. Suites include 3 - 1 bedroom units and 12 - 2 bedroom units. All units consist of a large living room, kitchen, entrance, 4 piece bath, and bedroom(s). Each with their own electric baseboard heating, hot water tanks, electric panel, and separate heating controls. All the units are leased with current tenants with an income of $170,940/year. A variety of unit styles and updates with some units including a balcony or a porch! Additional income potential from 3 large storage units and coin laundry with 2 washers/2 dryers approx $3600/year, 16 parking spaces $8400/year. Roof membrane on the main building installed in 2014 and the front section had shingles replaced in 2018. Fire code compliant (June 8, 2021). The building has been professionally managed for 30 years by Panadew Property Management. This property is in a great location! Very transit friendly, walking distance to Queen's University, Downtown Kingston, Kingston Centre, schools, and parks.

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Management
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