$948,000 - 143-145 Ordnance Street, Kingston
Multi-Family for Sale in Kingston
116 days on market- MLS Number
- X12888102
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 116
- Bedrooms
- 4
- Bathrooms
- 4
- Square Feet
- 2,000 - 2,499 sqft
- Neighbourhood
- Kingston
- Listing Brokerage
- RE/MAX RISE EXECUTIVES, BROKERAGE
Well-maintained 2-storey fourplex located in Kingston's Inner Harbour, within walking distance to Queen's University and just steps to downtown amenities, restaurants, and waterfront events. The property features four 1-bedroom units, three of which are currently leased, with one unit becoming vacant May 1st. This provides flexibility for owner occupancy or the opportunity to place a new tenant at market rent. The vacant unit is already being advertised and is expected to lease quickly at approximately $1,495/month. Each unit offers an efficient layout with bright living spaces. Tenants pay their own utilities, with the exception of natural gas heat, helping keep operating costs manageable. Main floor units feature open living and kitchen areas with large south-facing windows, 3-piece bathrooms, and access to private rear decks. Upper units offer front bedrooms, 4-piece bathrooms, and bright living/kitchen areas overlooking the rear of the property. The property includes four dedicated parking spaces plus one additional bonus space, offering potential for extra rental income. A solid opportunity to own a well-located multi-unit property in a high-demand rental area close to Queen's and downtown Kingston.
Estimate your monthly payments for this property
Estimated Payment
$4,863.73/mo
Includes CMHC insurance ($26,449)
5-yr fixed avg.
Rates shown are estimates based on typical Ontario 5-year fixed rates. Canadian mortgages use semi-annual compounding as required by law. CMHC insurance applies to purchases under $1.5M with less than 20% down. Estimated property tax uses an approximate 0.85% rate. Contact us for current rate options and pre-approval.
Discover Kingston
Kingston is a vibrant community in the Greater Toronto Area, offering excellent amenities, schools, and transportation options. This area is popular with families and professionals seeking a balanced lifestyle with access to urban conveniences and natural spaces.
Why Live in Kingston
- •Convenient location in Kingston
- •Access to local shops and dining
- •Good public transit connections
- •Community parks and green spaces
- •Well-maintained neighbourhoods
Nearby Schools
Transit & Commuting
- •MiWay bus routes throughout the area
- •GO Transit stations within driving distance
- •Easy highway access to 401/403/QEW
- •Walking distance to local amenities
Parks & Amenities
- •Local parks and recreational facilities
- •Community centres
- •Shopping plazas nearby
- •Restaurants and cafes
Lifestyle & Community
Kingston offers a wonderful quality of life with a mix of residential charm and urban convenience. Residents enjoy easy access to schools, parks, and shopping, making it an ideal location for families and professionals alike.
143-145 Ordnance Street, Kingston
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Monthly Cash Flow Breakdown
Note: These are estimates only. Actual figures may vary based on market conditions, property condition, and other factors. Consult with a financial advisor for personalized advice.
Joe's Thoughts
Honest perspective from 30+ years of GTA real estate experience
Competitive Pricing
At $474/sqft, this is priced below the area average. This could represent genuine value, but let's investigate why. In my experience, underpriced homes often have deferred maintenance, unfavourable layouts, or motivated sellers. I'll help you determine which it is.
Negotiation Opportunity
At 116 days on site, this property has exceeded the typical selling timeline for Kingston. This creates leverage for buyers. The seller may be motivated by carrying costs, life circumstances, or previous deals falling through. I'd recommend a strategic offer below asking with terms that favour you.
Family-Friendly Layout
4 bedrooms hits the sweet spot for most families. You'll have room for 2-3 children plus a home office or guest room. This is the most sought-after configuration for families relocating to Kingston. Good resale value as demand remains consistent.
Bathroom Count Matters
With 4 bathrooms, morning routines are much smoother. Multiple bathrooms significantly improve daily livability and are a major selling point for resale. Buyers consistently pay more for adequate bathroom counts - this is a strong feature.
Investment Perspective
Looking at this as an investment: Kingston properties have averaged 5-7% annual appreciation over the past decade. Your estimated monthly carrying costs would be around $3,950 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.
Let's See It Together
Photos only tell part of the story. During our showing, I'll point out things the camera doesn't capture: neighbourhood feel, natural light quality, traffic noise, and overall condition. I'll also share what comparable homes have sold for and help you craft a winning strategy if you decide to move forward.