118 Napier Street, Kingston, ON K7L 0B5 – Kingston – $1,285,000

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Description

Prime Student Rental Investment steps from Queens University – An exceptional opportunity for investors! This well-maintained, all-brick house is a new construction, purpose-built student rental and perfectly designed for strong, reliable returns. Featuring 8 bedrooms, 4 bathrooms, and two self-contained units, this property offers a separate entrance in-law suite, making it highly versatile. Key Features: Spacious & bright, large windows throughout, gleaming hardwood floors. Dual Setup: 2 kitchens, 2 living rooms, dual laundry, dual meter bases, dual panels, and dual heating sources. Comfortable & quiet. Well-insulated with minimal yard work, situated in a peaceful neighbourhood with great neighbours in a convenient location, 3-minute walk to a bus stop, easy access to Queens University and downtown. Parking: Private driveway fits three cars. The current landlord takes pride in creating a true “home away from home” for students, ensuring tenant satisfaction and strong occupancy rates. With an attractive cap rate, this is a turnkey investment in one of Kingston’s most desirable student rental areas.

Property Details

• Bedrooms: 8
• Property Type: Residential Freehold
• List Price: $1,285,000
• Parking Spaces: 3
• Tax Year: 2024
• Annual Taxes: $8,500