476 Albert Street, Kingston, ON K7L 3W3
Kingston, ON, K7L 3W3 · 14 - Central City East
About this property
Purpose-built fourplex in a great location on Albert Street, south of Princess Street and close to Queen's Main Campus, transit, shopping, restaurants and parks. The location has consistently supported very strong rental demand, with tenants primarily being full-time Queen's University students.The building contains three 2-bedroom apartments and one 3-bedroom apartment, each with a full 4-piece bath. Exceptionally well maintained throughout, the property features a central entrance and stairwell serving all four units, common coin-operated laundry, storage spaces and four on-site parking spaces. Apartments are separately metered for ESA approved hydro meters, which is paid by the tenants. Common owner expenses are water and sewer, common-area electricity (entrance, exterior, laundry) and shared internet. Projected annual operating income is approximately $111,400, with operating expenses of approximately $11,300 and projected NOI of approximately $100,100 before repairs, maintenance, vacancy and capital expenditures. A straightforward, well-kept income property with established rental demand and limited owner-paid operating costs. There is the possibility of owner occupancy at this time. Full financials are available upon request.
Features & Amenities
- Basement: Apartment
- Garage: None
- Cooling: None
- Heat Type: Baseboard
- Heat Source: Electric
- Style: 1 Storey/Apt
- Construction: Brick
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Fourplex |
| Architectural Style | 1 Storey/Apt |
| Bedrooms | 9 |
| Bathrooms | 4 |
| Lot Size | 0 Feet |
| Basement | Apartment |
| Garage | None |
| Parking Spaces | 4 |
| Heat Type | Baseboard |
| Heat Source | Electric |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $6,839 |
| Tax Year | 2026 |
Interior Features
- Interior Features
- Separate Hydro Meter
Exterior Features
- Other Structures
- Shed
- Pool Features
- None
Building & Construction
- Architectural Style
- 1 Storey/Apt
- Construction Materials
- Brick
- Foundation Details
- Poured Concrete
- Roof
- Asphalt Shingle
- Basement
- Apartment
Heating & Cooling
- Heat Type
- Baseboard
- Heat Source
- Electric
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 4
- Parking Total
- 4.00
- Parking Features
- Private
- Covered Spaces
- 0
Lot & Land
- Lot Size Area
- 0.11
- Lot Size Units
- Feet
- Lot Depth
- 132.00
- Lot Width
- 33.00
- Lot Irregularities
- Irregular - see GeoWarehouse
Financial & Tax
- Tax Annual Amount
- $6,839
- Tax Year
- 2026
- Tax Assessed Value
- $426,000
- Possession Type
- Flexible
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 10
- Rooms Below Grade
- 11
- Kitchens Above Grade
- 2
- Kitchens Total
- 4
- Bedrooms Above Grade
- 4
- Bedrooms Below Grade
- 5
Additional Details
- Occupant Type
- Partial
- Direction Faces
- East
- County Or Parish
- Frontenac
- Cross Street
- Princess St & Albert St
- Directions
- Albert Street, south of Princess Street
- Special Designation
- Unknown
- Showing Requirements
- List Salesperson
Location
476 Albert Street, Kingston, ON K7L 3W3, Kingston, ON, K7L 3W3