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$974,995
35 Days Online

423 PALACE Road
Kingston, ON K7L4T5

For Sale|Single Family Home|Active
5
Beds
3
Full Baths
0
Partial Baths
2,000
SqFt
$487
/SqFt

Built
County:

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423 PALACE Road423 PALACE Road423 PALACE Road423 PALACE Road
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This property checks all the boxes. Are you a parent looking to house your son or daughter at Queens—want to have it paid for? Then this property is for you. Or are you a savvy investor that just wants great returns and a solid investment—we have you covered! Don't be deceived by its modest exterior—423 Palace Road is a fully furnished, turn-key, high performing investment. This property is larger than it looks due to a large addition at the rear. Discover 423 Palace Road—an exceptional, well-maintained legal 3-unit property in the heart of the City. With two 2-bedroom units, one 1-bedroom unit, and close proximity to Queen's University, hospitals, and public transit, it appeals to mature tenants and professionals. Standout features include a 100-gallon owned solar hot water heater, energy-efficient vinyl windows, and upgraded insulation for reduced operational costs. Offering an attractive income stream and with a sought after short-term rental rating, it's ideal for long-term tenants and Airbnb ventures. Don't miss this opportunity with a 7.07% CAP Rate, a projected 6.71% ROI. and with 0% vacancy and fully leased until 2025. (id:55532)

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Listing Snapshot
Price 
$974,995
Days Online 
35 Days
Bedrooms 
5
Inside Area (SqFt) 
2,000 sqft
Total Baths 
3
Full Baths 
3
Partial Baths 
N/A
Lot Size 
N/A
Year Built 
N/A
MLS® Number 
40572559
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing updated with changes from the MLS®
a month agoListing first seen online
General Features
Style 
2 Level
Parking Spaces 
4
Sewer 
Public Sewer
Basement 
Full ( Finished)
Number of Stories 
2
Water 
Public
Zoning 
UR5
Security 
Smoke Detectors
Property Sub Type 
Single Family Residence
Interior Features
Cooling 
Central Air Conditioning
Heating 
Forced AirNatural Gas
Appliances 
DishwasherDryerRefrigeratorStoveWasherMicrowave Built-in
Fireplace 
No
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Community Features
Security Features 
Smoke Detectors

Listing courtesy of: Luca Andolfatto of RE/MAX Service First Realty Inc, Brokerage

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. These trademarks are owned or controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®) and/or the quality of services they provide (MLS®).

This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.

Neighborhood & Commute
Source: Walkscore
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