For Sale: 49-67 Adelaide Street, Kingston, ON - REW
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$3,199,900
0 bd • 12 ba • 8280 sf • Multifamily
49-67 Adelaide Street
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$3,199,900
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49-67 Adelaide StreetKingston, ON, K7K 1Y3

  • 0 Bed
  • 12 Bath
  • 8280 Sqft
  • Multifamily

About this home

An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of Downtown Kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its own private walk-out basement, with 6 units also offering decks off the living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current Cap Rate of 5.24%, with a projected Cap Rate of approximately 5.37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to Downtown Kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals. (id:63626)
Listed by: KRISHAN NATHAN, Broker, ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

Home facts and features

Price details
List Price
$3,199,900
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Gross Taxes for 2026
$20,683
Home facts
Bedrooms
0
Full Bathrooms
12
Property Type
Multifamily
Depth
165 feet
Frontage
132.0 feet
Heating Type
Forced air, Natural gas
Features
Irregular lot size
Appliances
Dryer, Washer
Agent details
Primary Agent
Primary Broker
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Secondary Agent
PHIL ROBERTSON
Secondary Broker
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Listing details
Days on REW
2 Days
MLS® Number
X13467366
Source
Canadian Real Estate Association
Board
Kingston & Area Real Estate Association
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25 Years
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3.99%

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Property Insights

Regiopolis/Notre-Dame Catholic High School
  • Catholic
  • 9 - 12
St Patrick Catholic School
  • Catholic
  • JK - 8
St Peter Catholic School
  • Catholic
  • JK - 8
Central Public School
  • Public
  • JK - 8
Rideau Public School
  • Public
  • JK - 8
Cathedrale Catholic School
  • Catholic
  • JK - 8
St Joseph School
  • Catholic
  • JK - 5
Kingston Collegiate
  • Public
  • 9 - 12
Sydenham Public School
  • Public
  • JK - 8
Winston Churchill Public School
  • Public
  • 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
Broker
KRISHAN NATHAN
Phone:
1
Cell:
613-507-3711
Office:
613-544-4141
Salesperson
PHIL ROBERTSON
Office:
613-544-4141
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