135 Nelson Street, Kingston - Sold for $715,000 | Modern Solution Realty

135 Nelson Street, Kingston

135 Nelson Street in Kingston - 5 bedroom, 2 bathroom. Sold for $715,000. Listed at $749,000.

Located just a short walk from Queens University downtown Kingston, 135 Nelson Street presents a prime opportunity to own a fully leased, turnkey student rental in one of Kingston's most sought-after investment areas. This five-bedroom, one-and-a-half-bath home is currently rented at $850 per room, with all tenants in place until April 2026. A new owner will have the opportunity to rent at a higher rate. The property has been a consistently strong-performing investment and has undergone a full facelift since purchase, including a rebuilt back deck, new front wooden steps, a fresh cement walkway, and an attic insulation top-up for improved efficiency. The home feels bright and airy, and has been a pleasure to lease out. The natural gas furnace was serviced last fall, and the roof was replaced in 2019. Another standout feature is the huge backyard - rare for the area - offering extra space for outdoor enjoyment or potential future use. The home also includes three parking spots, on-site laundry in the basement, and comes fully furnished, including a recently updated fridge and stove. With reliable second-year student tenants, strong rental income, and minimal upkeep required, this is a truly hands-off investment in the heart of Kingston's university district.

Property Details

  • Property Type: Mortgage
  • Style: 2-Storey
  • Square Footage: 1750 sqft
  • Basement: Unfinished
  • Heating: Gas
  • Cooling: None
  • Parking: 3 spaces
  • Property Taxes: $4,711.4/yr
  • Neighbourhood: 14 - Central City East
  • Postal Code: K7L 3W9

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