480 Victoria Street Kingston, Ontario K7L 3Z7
$819,900
This well-maintained all-brick residence offers a compelling investment opportunity for parent buyers and seasoned investors alike. Configured as a five-bedroom student rental in the main home with a self-contained bachelor suite at the rear, the property delivers immediate, stable income with excellent long-term flexibility. The front residence is currently leased at $999 per bedroom, inclusive of heat and hydro, generating $4,995 per month, with all five tenants secured until April 30, 2026. The rear bachelor unit is occupied by a long-term tenant paying $1,075 per month, resulting in a total gross monthly income of $6,070. The main house offers pine hardwood flooring throughout the main floor, a full bathroom on the main level, and a second full bathroom upstairs, providing strong functionality for student living. Bedrooms are spread across two levels with bright common areas and in-suite laundry. The separate rear bachelor suite offers additional income stability. Recent improvements include a newly renovated downstairs bathroom, new carpet upstairs, and updated appliances. Located on a deep lot, the property also offers the rare ability to accommodate up to four vehicles in the backyard, an extremely attractive feature that could add to the monthly income. Ideally positioned near Queen's University, downtown, transit routes, and major amenities, this property continues to perform year after year with consistent tenant demand. A rare opportunity to acquire a high-yield Kingston rental with very strong cash flow, recent updates, and built-in upside. Schedule your viewing today! (id:47351)
Property Details
| MLS® Number | X12695036 |
| Property Type | Single Family |
| Community Name | 14 - Central City East |
| Amenities Near By | Hospital, Public Transit, Schools |
| Community Features | School Bus |
| Equipment Type | Water Heater |
| Features | Flat Site, Dry, In-law Suite |
| Parking Space Total | 4 |
| Rental Equipment Type | Water Heater |
Building
| Bathroom Total | 3 |
| Bedrooms Above Ground | 5 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 6 |
| Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
| Basement Type | Crawl Space |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Exterior Finish | Aluminum Siding, Brick |
| Foundation Type | Stone |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1,100 - 1,500 Ft2 |
| Type | House |
| Utility Water | Municipal Water |
Parking
| No Garage |
Land
| Acreage | No |
| Fence Type | Fenced Yard |
| Land Amenities | Hospital, Public Transit, Schools |
| Sewer | Sanitary Sewer |
| Size Depth | 132 Ft ,10 In |
| Size Frontage | 32 Ft ,8 In |
| Size Irregular | 32.7 X 132.9 Ft |
| Size Total Text | 32.7 X 132.9 Ft |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | Laundry Room | 1.29 m | 2.51 m | 1.29 m x 2.51 m |
| Second Level | Bedroom | 2.57 m | 1.96 m | 2.57 m x 1.96 m |
| Second Level | Bedroom | 3.3 m | 3.4 m | 3.3 m x 3.4 m |
| Second Level | Bedroom | 2.63 m | 2.69 m | 2.63 m x 2.69 m |
| Second Level | Bedroom | 2.65 m | 3.85 m | 2.65 m x 3.85 m |
| Second Level | Bathroom | 1.99 m | 1.73 m | 1.99 m x 1.73 m |
| Main Level | Bedroom | 4.72 m | 2.78 m | 4.72 m x 2.78 m |
| Main Level | Bathroom | 1.37 m | 2.35 m | 1.37 m x 2.35 m |
| Main Level | Kitchen | 3.21 m | 2.55 m | 3.21 m x 2.55 m |
| Main Level | Kitchen | 3.35 m | 4.41 m | 3.35 m x 4.41 m |
| Main Level | Primary Bedroom | 3.55 m | 4.06 m | 3.55 m x 4.06 m |
| Main Level | Bedroom | 3.58 m | 3.49 m | 3.58 m x 3.49 m |
| Main Level | Bathroom | 2.37 m | 2.1 m | 2.37 m x 2.1 m |
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. 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. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
January 14 2026 06:20:48
Kingston & Area Real Estate Association
RE/MAX Rise Executives, Brokerage