579 Macdonnell Street, Kingston - Sold for $405,000 | Modern Solution Realty

579 Macdonnell Street, Kingston

579 Macdonnell Street in Kingston - 6 bedroom, 2 bathroom. Sold for $405,000. Listed at $449,950.

All brick legal duplex with amazing income potential in the highly desirable Kingscourt area. Upper level includes 3 spacious bedrooms and 1 full bathroom, with a large living/dining room, separate eat-in kitchen with breakfast area and potential for ensuite laundry. Lower level includes a second self-contained unit with 3 spacious bedrooms and 1 full bathroom, with living room and ensuite laundry room and 2 separate entrances. Large backyard in the rear with a detached single car garage as well as a parking pad in the front for 2 additional cars. Both units currently vacant and available for immediate possession. Potential income of $55k+ with positive cash flow OR $64k+ as a student rental with over 9% cap rate! Renovators Dream!! Property needs some TLC but a great investment opportunity with excellent value add potential!

Property Details

  • Property Type: Mortgage
  • Style: Bungalow
  • Square Footage: 1300 sqft
  • Basement: Separate Entrance
  • Heating: Electric
  • Cooling: None
  • Parking: 3 spaces
  • Property Taxes: $3,848/yr
  • Neighbourhood: 22 - East of Sir John A. Blvd
  • Postal Code: K7K 4W9

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