For Sale: 380 Barrie Street, Kingston, ON - REW
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$929,000
8 bd 5 ba 2250 sf Multifamily

380 Barrie StreetKingston, ON, K7K 3T4

  • 8 Bed
  • 5 Bath
  • 2250 Sqft
  • Multifamily

About this home

7.5 NET CAP RATE | $78,000 GROSS ANNUAL INCOME | TURN-KEY DUPLEX. An exceptional investment opportunity offering a strong 7.5 net cap rate, this recently updated duplex generates $78,000 in annual gross rental income and is ideally located just steps from the downtown core and within easy walking distance to Queen's University. Each spacious unit features four bedrooms, 2 full bathrooms, large principal rooms, and in-suite laundry, creating a highly desirable rental offering in a proven student and professional rental location. The well-maintained property offers parking for three vehicles, with additional upside potential through the future monetization of the parking spaces. New leases are in place through the end of April 2027(with the high possibility of both units renewing), providing investors with stable, secured income and immediate cash-flow potential. The current owners have enjoyed zero vacancy throughout their ownership, highlighting the property's strong tenant demand and desirable location. Additional recent improvements include a new roof installed in 2024 as well as new laundry/bathroom in unit one in 2026 . With a 7.5 NET CAP RATE, established rental income, secured tenancy, zero vacancy history, and further potential to increase future revenue, this is a compelling turn-key investment opportunity for investors seeking strong, reliable cash flow. Unit 1 $3200/month plus tenants pay for utilities, Unit 2 $3300/month and tenants pay for utilities. The sellers are currently in the process of installing a new sink and shower unit and new stackable washer/dryer in unit 1. (id:63626)
Listed by: FRANCESCA BLANCK, Salesperson, SUTTON GROUP-MASTERS REALTY INC., BROKERAGE

Home facts and features

Price details
List Price
Gross Taxes for 2026
$5,731
Home facts
Bedrooms
8
Full Bathrooms
5
Parking Spaces
3
Property Type
Multifamily
Depth
74 feet
Frontage
34.3 feet
Heating Type
Baseboard heaters
Appliances
Dryer, Washer, Water Heater
Agent details
Primary Agent
FRANCESCA BLANCK
Primary Broker
SUTTON GROUP-MASTERS REALTY INC., BROKERAGE
Listing details
Days on REW
20 Days
MLS® Number
X13692602
Source
Canadian Real Estate Association
Board
Kingston & Area Real Estate Association
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Estimated Payments
Purchase Price
Mortgage Total
Down Payment
Amortization
25 Years
Interest Rate
3.99%

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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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