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7 Rideau Street

$ 1,250,000
7 Rideau Street,
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1910

Exceptional mixed-use investment opportunity, centrally located near the heart of Kingston’s historic downtown core, 1-block from a major grocery anchor, steps to City Hall, Market Square, Leon’s Entertainment Centre and Kingston renowned artisanal cafes, eclectic shops & award-winning bistros. Situated in a residential neighbourhood & uniquely nestled in close proximity to high-traffic downtown venues, the property offers 3×1 Bedrooms suites, and 1 Commercial unit all with significant rental upside potential on turnover.

The main level consists of Unit A, a 460 sf commercial suite w/ kitchenette, W/C, & 8ft ceilings. Unit B is an immaculate 1-Bed suite, fully upgraded (2014), with exposed brick and limestone walls, stainless steel appliances, walk-in closet, w/ Bedroom and Living Room both w/ views toward Lake Ontario. Unit C is an exceptionally maintained, upgraded & fully furnished 1- Bed 550 sf lower level suite, with high ceiling, full stainless steel appliances & exposed limestone walls.

Unit D is an extremely unique and oversized 1-Bed suite with eat-in kitchen, full bath, storage, dining room, and living room with +16 ft cathedral ceilings with potential to create a loft. Unit D currently rented significantly below market, with endless potential on turnover. The property offers 3 on-site parking spaces, a rare feature in the neighbourhood. There are 3 electrical meters & 1 water meter (Unit C & D have dedicated meters). Pride of ownership is evident throughout this property, which has been impressively maintained and upgraded over the years. Common Coin-Operated laundry. Well kept, dry lower level, where you will also find 3 new hot water heaters. A great investment opportunity, AirBnB investment, or live-work arrangement by owner occupier.

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Documents
Address: 7 Rideau Street
City:
Zip: K7K 2Z5
Country: Canada
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Website ID: 29022
Price: $ 1,250,000
Property Size: 2,250 ft2
MLS: 40169451
Zoning: C1-2
Realty Taxes: $8,327 (2021)
Legal Description: PT LT E ORIGINAL SURVEY KINGSTON CITY PT 1 13R5775; KINGSTON ; THE COUNTY OF FRONTENAC
walkscore93 / Walker's Paradise more details here

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