49-67 Adelaide Street

About this home

An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of Downtown Kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its own private walk-out basement, with 6 units also offering decks off the living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current Cap Rate of 5.24%, with a projected Cap Rate of approximately 5.37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to Downtown Kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals.

Details

Type

Investment

Lot

132 × 165 ft

Garage

None

Property tax

$20,683 (2026)

Neighbourhood

22 - East of Sir John A. Blvd

Municipality

Kingston

Interior

Bathrooms

12 × bathroom

Heating, cooling and services

Heating

Gas Forced Air Closed

Water and sewer

Sanitary

Utilities

Yes

Building and exterior

Building area

8,280 Square Feet

More

Possession

FLEXIBLE

Cross street

Division Street & Adelaide Street

Business type

Apts - 6 To 12 Units