442 Macdonnell Street
Kingston, Frontenac ON K7L 4E4
$2,375,000
Prime investment opportunity in Central Kingston! This solid, fully-brick 12-unit residential building features a turn-key mix of 6 one-bedroom units and 6 efficient bachelor units. Situated in a high-demand location with easy transit access to downtown amenities and post-secondary institutions. Strong Revenue Stream: Generating a solid $186600 in gross annual rent, plus extra income from the onsite coin-operated laundry and 3 dedicated outdoor parking spaces. Current Rent is 12% below market across the building, with room to improve. Low Owner Capital Expenditure: New roof replaced 2 years ago, offering low maintenance risk for years to come.Minimal Utility Costs: Each unit is individually metered for hydro, drastically keeping landlord utility expenses low. Key Features: Carpet-free building interior, exterior lighting, updated fire protection system, and select units with cozy gas fireplaces. An exceptionally stable, low-maintenance multi-family asset offering strong cash flow with reliable upside. CMHC Mortgage is transferable with certain conditions. The Loan loan term ends in 2029
| Listing Key: | X13778214 |
|---|---|
| List Price: | $2,375,000 |
| Property Type: | Commercial |
| Property Sub Type: | Investment |
| Property Status: | Active |
| Bathrooms Total Integer: | 0 |
| Tax Annual Amount: | $20,636 |
| Waterfront?: | No |
| City: | Kingston |
| City Region: | 14 - Central City East |
| Postal Code: | K7L 4E4 |
| Assessment Year: | 2,025 |
| Basement Yn: | No |
| Building Area Total: | 1883.68 |
| Building Area Units: | Square Feet |
| Business Type: | Apts - 6 To 12 Units |
| Chattels Yn: | Yes |
| City Region: | 14 - Central City East |
| Contract Status: | Available |
| Cooling: | No |
| Cross Street: | Princess St and MacDonnell |
| Ddfyn: | Yes |
| Electric Expense: | $11,242 |
| Exclusions: | Coin Washer Dryer No need to paid rent, Tenants' Belongings |
| Expenses: | Actual |
| Financial Statement Available Yn: | Yes |
| Freestanding Yn: | Yes |
| Garage Type: | None |
| Heat Type: | Baseboard |
| Holdover Days: | 120 |
| Hst Application: | Not Subject to HST |
| Inclusions: | 12 Stoves, 12 Refrigerators. New Hot water Tank(2 years), New Roof(1 year) |
| Insurance Expense: | $8,749 |
| Listing Contract Date: | 2026-09-13 |
| Listing Key: | X13778214 |
| List Price Unit: | For Sale |
| Lot Depth: | 67.4 |
| Lot Size Source: | MPAC |
| Lot Size Units: | Feet |
| Lot Type: | Building |
| Lot Width: | 33.91 |
| Status: | New |
| Operating Expense: | $12,859 |
| Original List Price: | $2,375,000 |
| Parcel Number: | 360240026 |
| Parking Spaces: | 3 |
| Possession Details: | TBA |
| Property Use: | Apartment |
| Roll Number: | 101102003001700 |
| State Or Province: | ON |
| Taxes Expense: | 16,781.43 |
| Tax Type: | Annual |
| Tax Year: | 2026 |
| Transaction Type: | For Sale |
| Utilities: | Yes |
| Water: | Municipal |
| Year Expenses: | 49,630 |
| Zoning: | C4-H(t1) |
| Directions: | Princess St and MacDonnell |
| Lot Size Area Units: | SquareFeet |
| Possession Type: | Immediate |
| Heat Type Multi: | Baseboard |
| County Or Parish: | Frontenac |
| City: | Kingston |
Listing Courtesy of: CENTURY 21 LANDUNION REALTY INC.
Listing Agent:
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Toronto Real Estate Board data last updated on October 08, 2026 05:01 PM - ET.
Property Last Updated: October 08, 2026 05:01 PM - ET
