274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd)274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 2274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 3274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 4274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 5274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 6274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 7274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 8274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 9274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 10274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 11274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 12274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 13274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 14274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 15274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 16274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd) — photo 17
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Business For Sale · Multifamily

274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd)

274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd), ON K7K2Z1

$460,000 total

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Asset Class

Multifamily

Size

—

Building class

B

Zoning

RF6 — Medium Density

$ / SF

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Occupancy

97%

Lot Size

0.04 ac

About this property

Well-located in Kingston's historic downtown core, 274 Wellington Street presents a flexible investment opportunity with dual tenancies in place. The property offers approximately 974 sq. ft. of above-grade space, configured as two self-contained units-each with a functional layout and private entrance. Unit 1 (second floor) features a full kitchen, 3-piece bath, and spacious living area, while Unit 2 (main floor) includes a bedroom, two 2-piece baths, living area, and mudroom. Zoned for both residential and commercial use, the property suits a variety of applications, including professional services, live-work setups, or rental income. Steps from Market Square, City Hall, and waterfront amenities, this is a strategic asset in one of Kingston's most vibrant neighborhoods. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$460K
Down payment30% · $138K
Interest rate6.25%
Amortization25 years
Occupancy97%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$17K

Annual cash flow

$-9K

Cash-on-cash

-6.51%

DSCR

0.65

Going-in cap

3.59%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

55,276

Households

20,088

Median income

$107,000

Median age

32.6

Daytime population

91,992

5-yr growth

7.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 274 WELLINGTON STREET, Kingston (East of Sir John A. Blvd).

NDA required

  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.