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275 Helen Street

$ 1,495,000
275 Helen Street,
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1207

Eight (8) Unit Apartment Building for sale on Helen Street. Solid concrete block construction with wood-framed floor plates. Property consists of well-maintained 8 x 2 Bedroom suites, all suites are extremely unique, and oversized at +/- 900 SF with 8-8.5 SF ceilings. Suites are self-contained and separately metered for hydro. Common laundry and ample parking on site with potential to increase revenue. The well-elevated lower level consists of 2×2 bed suites, common laundry, electrical room, boiler room and an additional +/- 600 SF of workshop with kitchen and full bath. Level 2 and 3 each consist of 3×2 bedroom suites. Additional storage buildings located at rear of property. The property is well-upgraded and maintained, professionally managed and located in a high demand residential area, walking distance to downtown Kingston, Queen’s University, Grocery stores, Schools and more. Property represents a rare value-add investment due to current below-market rent structures and operational upside opportunity, offering significant upside in projected year NOI.

PROPERTY HAS SOLD

Documents
Address: 275 Helen Street
City:
Zip: K7L 4P6
Country: Canada
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Website ID: 26366
Price: $ 1,495,000
MLS: K20005344
Parking: Ample on site
Zoning: B3
Realty Taxes: $15,400.23 (2020)
Site Area: 80 ft x 122 ft
walkscore58 / Somewhat Walkable more details here

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