138 Chatham Street, Kingston, ON K7K 4H4

About this property

Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until April 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential.

Property facts & features

Days on market

Not reported

Property type

Duplex

MLS® number

X13679136

Source status

New

Bedrooms

6

Bathrooms

3

Reported interior area

Not provided

Neighbourhood

Not provided

Postal code

K7K 4H4

Parking spaces

2

Garage

None

Lot depth (source units)

70.32

Annual property tax

4935

Basement

Full, Unfinished

Laundry

Not provided

Interior features

Separate Hydro Meter, Water Heater Owned

Exterior features

Porch, Year Round Living

MLS entry age (not confirmed DOM)

78 days

Values and units are reported by the listing source. Verify measurements and fees with the brokerage.

Floor plans & room measurements

Floor plans and verified room measurements are not available for this property.

Property value & listing history

Multi-event history, valuations and sold comparables require verified property identity and display permissions. No historical events or estimated values have been inferred.

Plan your monthly ownership costs

Adjust the assumptions for your own scenario. Blank expenses are unknown; enter them for a fuller estimate.

Planning estimate with Canadian semiannual compounding. Excludes mortgage insurance, closing costs and special assessments. This is not a lender quote or mortgage approval.

Location & neighbourhood

Transit stops, schools and commute information are unavailable until verified sources are connected. Optional overlays remain off.