138 Chatham Street, Kingston, ON K7K 4H4
Kingston, ON, K7K 4H4 · 22 - East of Sir John A. Blvd
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.
Features & Amenities
- Basement: Full, Unfinished
- Garage: None
- Cooling: None
- Heat Type: Forced Air
- Heat Source: Gas
- Style: 2-Storey
- Construction: Vinyl Siding
- Sewer: Sewer
Property Details
| Property Type | Residential Freehold |
|---|---|
| Property Sub-Type | Duplex |
| Architectural Style | 2-Storey |
| Bedrooms | 6 |
| Bathrooms | 3 |
| Basement | Full, Unfinished |
| Garage | None |
| Parking Spaces | 2 |
| Heat Type | Forced Air |
| Heat Source | Gas |
| Cooling | None |
| Sewer | Sewer |
| Annual Tax | $4,935 |
| Tax Year | 2025 |
Interior Features
- Interior Features
- Separate Hydro Meter, Water Heater Owned
Exterior Features
- Exterior Features
- Porch, Year Round Living
- Other Structures
- Shed
- Pool Features
- None
Building & Construction
- Architectural Style
- 2-Storey
- Construction Materials
- Vinyl Siding
- Foundation Details
- Concrete
- Roof
- Shingles
- Basement
- Full, Unfinished
- Approximate Age
- 100+
Heating & Cooling
- Heat Type
- Forced Air
- Heat Source
- Gas
- Cooling
- None
Parking & Garage
- Garage Type
- None
- Parking Spaces
- 2
- Parking Total
- 2.00
- Parking Features
- Front Yard Parking
- Covered Spaces
- 0
Lot & Land
- Lot Size Units
- Feet
- Lot Depth
- 70.32
- Lot Width
- 51.00
Community & Neighborhood
- Property Features
- Fenced Yard, Park, Public Transit
Financial & Tax
- Tax Annual Amount
- $4,935
- Tax Year
- 2025
- Possession Type
- Immediate
- Possession Details
- Immediate possession available
Utilities & Services
- Sewer
- Sewer
Room Details
- Rooms Above Grade
- 14
- Rooms Below Grade
- 0
- Kitchens Above Grade
- 2
- Kitchens Total
- 2
- Bedrooms Above Grade
- 6
Additional Details
- Occupant Type
- Tenant
- Direction Faces
- West
- County Or Parish
- Frontenac
- Cross Street
- Pine & Hamilton
- Directions
- Princess St to Alfred St to Pine St to Chatham St
- Special Designation
- Unknown
- Showing Requirements
- Showing System
Location
138 Chatham Street, Kingston, ON K7K 4H4, Kingston, ON, K7K 4H4