$529,900 - 81 Weller Avenue, Kingston
Multi-Family for Sale in Kingston
43 days on marketNeighbourhood: 23 - Rideau
- MLS Number
- X13192700
- Property Type
- Multi-Family
- Status
- active
- Days on Site
- 43
- Bedrooms
- 6
- Bathrooms
- 3
- Square Feet
- 1,500 - 1,999 sqft
- Neighbourhood
- Kingston
- Listing Brokerage
- RE/MAX FINEST REALTY INC., BROKERAGE
Welcome to your next turnkey investment opportunity in Kingston's growing North end. Ideally located just minutes from downtown Kingston and the Waaban Crossing, this spacious duplex with an in-law suite offers flexibility, strong income potential, and the opportunity to set your own rental rates with full vacant possession. This property features three thoughtfully laid out units, each offering tasteful updates and comfortable living spaces filled with natural light. The front unit(unit #2) offers 2 bedrooms, 1 full bath, a large kitchen and living area on one level, the back unit (unit #1) features a spacious 1+2 bedroom layout with 1 full bath, an eat in kitchen, living space and its own in-unit laundry space. The additional in-law suite (unit #3)provides a 1 bedroom, 1 bath, kitchen and living space setup, with a laundry area shared with unit #2 for added convenience. Outside, you'll find the backyard that backs onto a park with a greenhouse that adds charm and functionality for gardening enthusiasts, while parking for four vehicles offers practical convenience for tenants and owners alike. Topping off this great buy is a newer boiler system (2023), 2 newer hot water heaters (1 owned) and the ease of utility management with two units separately metered. Whether you're looking to expand your investment portfolio,live in oneunit while off setting your mortgage with rental income, or capitalize on Kingston's strong rental market, this property offers plenty of opportunity in an up-and-coming location close to transit, amenities, downtown, and the city's newest bridge connection.
Estimate your monthly payments for this property
Estimated Payment
$2,718.66/mo
Includes CMHC insurance ($14,784)
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 23 - Rideau
23 - Rideau 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 23 - Rideau
- •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
23 - Rideau 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.
81 Weller Avenue, 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 $353/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.
Market Position
At 43 days on site, this property has had reasonable exposure. It hasn't sold immediately (which often indicates overpricing), but isn't languishing either. There's likely room for a 3-5% negotiation from asking price.
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.
About 23 - Rideau
I know 23 - Rideau 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.
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 $2,208 (mortgage, taxes, insurance). Consider whether you're comfortable with this as both a home and a financial commitment.