For Sale: 378 Barrie Street, Kingston, ON - REW
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$559,000
5 bd • 2 ba • 1100 - 1499 sf • House
378 Barrie Street
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$559,000
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378 Barrie StreetKingston, ON, K7K 3T4

  • 5 Bed
  • 2 Bath
  • 1100 - 1499 Sqft
  • House

About this home

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. (id:63626)
Listed by: FRANCESCA BLANCK, Salesperson, SUTTON GROUP-MASTERS REALTY INC., BROKERAGE

Home facts and features

Price details
List Price
$559,000
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Gross Taxes for 2026
$3,478
Home facts
Bedrooms
5
Full Bathrooms
2
Parking Spaces
1
Parking Details
No Garage
Property Type
House
Lot Size
16 ft x 74 ft (1235 ft²)
Depth
74 feet
Frontage
16.8 feet
Title
Freehold
Exterior Finish
Vinyl siding
Heating Type
Forced air, Natural gas
Basement Details
Unfinished,
Features
Carpet Free
Appliances
Dryer, Refrigerator, Stove, Washer, Water Heater
Agent details
Primary Agent
FRANCESCA BLANCK
Primary Broker
SUTTON GROUP-MASTERS REALTY INC., BROKERAGE
Listing details
Days on REW
4 Days
Property Views
12
MLS® Number
X13736054
Source
Canadian Real Estate Association
Board
Kingston & Area Real Estate Association
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Property Insights

Central Public School
  • Public
  • JK - 8
Cathedrale Catholic School
  • Catholic
  • JK - 8
St Patrick Catholic School
  • Catholic
  • JK - 8
Sydenham Public School
  • Public
  • JK - 8
Kingston Collegiate
  • Public
  • 9 - 12
Regiopolis/Notre-Dame Catholic High School
  • Catholic
  • 9 - 12
Rideau Public School
  • Public
  • JK - 8
Winston Churchill Public School
  • Public
  • JK - 8
St Joseph School
  • Catholic
  • JK - 5
St Peter Catholic School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
FRANCESCA BLANCK
Phone:
(613) 985-6521
Cell:
613-985-6521
Office:
613-384-5500
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