378 Barrie ST, Kingston, ON K7K 3T4
378 Barrie ST, Kingston, ON K7K 3T4
378 Barrie ST, Kingston, ON K7K 3T4
378 Barrie ST, Kingston, ON K7K 3T4
378 Barrie ST, Kingston, ON K7K 3T4
378 Barrie ST, Kingston, ON K7K 3T4
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Azaira Desaulniers

Azaira Desaulniers

+1(416) 881-0729
$ 559,000
Est. payment | /mo

5 Beds

2 Baths

Save
$ 559,000
Est. payment | /mo
Save

5 Beds

2 Baths

Key Details

Property Type Single Family Home

Sub Type Semi-Detached

Listing Status Active

Purchase Type For Sale

Approx. Sqft 1100-1500

Subdivision 22 - East Of Sir John A. Blvd

MLS Listing ID X13736054

Style 2-Storey

Bedrooms 5

Annual Tax Amount $3,477

Tax Year 2026

Property Sub-Type Semi-Detached

Property Description

6.8% Net Cap Rate with Additional Income Upside. An exceptional turnkey investment opportunity with $43,200 in annual gross rental income and a 6.8% net cap rate, with further potential to increase revenue. The property is currently rented as a 4-bedroom student rental at $3,600 per month plus tenants pay utilities, with a lease in place until the end of April 2027 with the high possibility of these tenants renewing their leases. Located within walking distance of downtown Kingston and Queen's University, this property benefits from a highly desirable location and consistent demand for student housing. The property has been well maintained and consistently occupied, offering investors immediate income while providing clear upside potential. With the existing four-bedroom configuration generating a 6.8% net cap rate, the opportunity to add rental income through the currently unused bedroom, potential dining-room conversion, and parking space creates the potential for an even stronger return over time. There is meaningful opportunity to increase the property's income beyond the current $43,200 annual rent. The home includes a fifth, smaller bedroom on the second floor that is not currently being rented, along with the potential to convert the existing dining room into an additional bedroom. There is also one dedicated parking space that could potentially be monetized separately. These opportunities provide investors with several avenues to enhance future rental income with relatively modest improvements. Laundry will be relocated from the lower level to the main level kitchen as a stackable set in the next few weeks.

Location

Province ON

County Frontenac

Area Frontenac

Rooms

Family Room No

Basement Unfinished

Kitchen 1

Interior

Interior Features Carpet Free, Water Heater Owned

Cooling None

Fireplace No

Heat Source Gas

Exterior

Pool None

Waterfront Description None

Roof Type Asphalt Shingle

Lot Frontage 16.7

Lot Depth 74.0

Total Parking Spaces 1

Building

Foundation Stone

Others

ParcelsYN No

Listed by SUTTON GROUP-MASTERS REALTY INC., BROKERAGE
Azaira Desaulniers

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(416) 881-0729

azaira@aasignaturehomes.com

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378 Barrie ST