$799,900 - 147 Fraser Street, Kingston
Multi-Family for Sale in Kingston
129 days on market- MLS Number
- X12485319
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 129
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 700 - 1,099 sqft
- Neighbourhood
- Kingston
- Lot Size
- 6,500 sqft
- Listing Brokerage
- 2 PERCENT REALTY RESULTS INC., BROKERAGE
147 Fraser is an investor's dream! This legal duplex has 3 bedrooms upstairs, with a kitchen, bathroom and laundry, as well as 3 bedrooms downstairs with a den, kitchen, 2 bathrooms and laundry. Bonus! The den could be converted into a third unit as it already has a kitchenette and standalone bathroom. The triple garage has been transformed into livable space too. It is being used by the current owners as a daycare space, but the possibilities are endless! This space is electrified and plumbed, with a large finished and open space, half bath, and kitchenette. While this property is currently a duplex, it has the potential to become 4 units - are you the right investor for this property? Plenty of parking, security gate, hot tub, jetted tub, and more! This property is located close to downtown, Highway 401, and the 3rd Crossing. With no rear neighbours, and located on a quiet street, you can easily see the appeal as a rental property or to live in one unit and rent the remainder of the house for cash flow. Updates include the brand new main floor kitchen (2025), newer windows and doors (3 yrs), shingles, furnace, AC, and water heater (all within the last 7-10 years). Come discover your next investment opportunity today!
Estimate your monthly payments for this property
Estimated Payment
$4,103.90/mo
Includes CMHC insurance ($22,317)
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.
147 Fraser 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
Premium Pricing
At $1143/sqft, this property is priced above the Kingston average of $950/sqft. I'd want to see upgraded finishes, premium location, or recent renovations to justify this price point. During our showing, I'll point out exactly what you're paying extra for.
Negotiation Opportunity
At 129 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.
Efficient Living
At 700 sqft, this is a more compact space. The upside: lower utility bills, less maintenance, and easier cleaning. Consider how you'll use the space - built-in storage, multi-functional furniture, and good organization become important. Great for singles, couples, or those who prefer a low-maintenance lifestyle.
Excellent Flexibility
With 6 bedrooms, you have genuine flexibility. Beyond the master and kids' rooms, you can have a dedicated home office, guest room, hobby space, or even rental income potential. In today's work-from-home era, extra bedrooms add significant value. Properties with 5+ bedrooms are relatively rare in Kingston.
Bathroom Count Matters
With 3 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 $3,333 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.