61 Seventh Avenue, Kingston

Price: $399,900

5 bedrooms, 4 bathrooms

2,000 - 2,499 sqft

Property Type: Multi-Family

MLS#: X13519128

This versatile mixed-use property offers tremendous potential for investors and developers alike. Currently configured with two residential units and a convenience store, it presents an ideal opportunity to convert into a triplex or maintain the commercial space while having two or three residential units. Located in the sought-after Kingscourt neighborhood, this property benefits from high visibility and foot traffic, perfect for a variety of business ventures. With some renovations, you could unlock its full income-generating potential. Whether you're looking to expand your rental portfolio or establish a business with residential units, this property offers the flexibility and location you're looking for. Don't miss out on this exciting opportunity to create a profitable, well-located investment in a growing community!

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active
New Listing
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$399,900 - 61 Seventh Avenue, Kingston

Multi-Family for Sale in Kingston

New — Listed 6 days ago

Neighbourhood: 22 - East of Sir John A. Blvd

5Beds
4Baths
2,000 - 2,499Sq Ft
Multi-Family
Property Details
MLS Number
X13519128
Property Type
Multi-Family
Status
active
Days on Site
6
Bedrooms
5
Bathrooms
4
Square Feet
2,000 - 2,499 sqft
Neighbourhood
Kingston
Listing Brokerage
RE/MAX RISE EXECUTIVES, BROKERAGE
Description

This versatile mixed-use property offers tremendous potential for investors and developers alike. Currently configured with two residential units and a convenience store, it presents an ideal opportunity to convert into a triplex or maintain the commercial space while having two or three residential units. Located in the sought-after Kingscourt neighborhood, this property benefits from high visibility and foot traffic, perfect for a variety of business ventures. With some renovations, you could unlock its full income-generating potential. Whether you're looking to expand your rental portfolio or establish a business with residential units, this property offers the flexibility and location you're looking for. Don't miss out on this exciting opportunity to create a profitable, well-located investment in a growing community!

Mortgage Calculator

Estimate your monthly payments for this property

Estimated Payment

$2,051.69/mo

Includes CMHC insurance ($11,157)

$
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5%10%50%

5-yr fixed avg.

Principal: $359,910Interest: $244,441
Mortgage Amount$371,067
Total Interest$244,441
Est. Property Tax$283/mo
Total Cost$615,508

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.

Ready to get pre-approved?

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Neighbourhood Guide: 22 - East of Sir John A. Blvd

Discover 22 - East of Sir John A. Blvd

22 - East of Sir John A. Blvd 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 22 - East of Sir John A. Blvd

  • Convenient location in Kingston
  • Access to local shops and dining
  • Good public transit connections
  • Community parks and green spaces
  • Well-maintained neighbourhoods

Nearby Schools

Local Elementary SchoolPublic Elementary
Local Secondary SchoolPublic High School

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

22 - East of Sir John A. Blvd 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.

70
Walk Score
Varies
Price Range

61 Seventh Avenue, Kingston

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Investor Analysis

Rental income estimator & ROI calculator

Estimated Monthly Rent
$3,700/mo
Range: $3,145 - $4,255
Cap Rate (ROI)
10.0%
Excellent

Monthly Cash Flow Breakdown

Rental Income+$3,700
Maintenance Fees-$0
Property Tax (est.)-$283
Insurance (est.)-$83
Net Cash Flow+$3,334

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 Battaglia - Top Real Estate Agent in Mississauga, REMAX Realty Specialists

Joe's Thoughts

Honest perspective from 30+ years of GTA real estate experience

Competitive Pricing

At $200/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.

Just Listed - Act Strategically

This property hit the market within the last week. In Kingston's current market, desirable homes often receive multiple offers within 5-7 days. If you're seriously interested, I recommend booking a showing immediately. However, never let urgency override due diligence - we'll still do proper inspections.

Excellent Flexibility

With 5 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 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.

About 22 - East of Sir John A. Blvd

I know 22 - East of Sir John A. Blvd well from working with many buyers and sellers here. Each pocket has its own character - let me share what I've learned about this specific street and block. During our showing, I'll point out local amenities, school catchments, and what similar homes have sold for recently.

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.

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    61 Seventh Avenue, Kingston | $399,900 | Battaglia Team