143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd)143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 2143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 3143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 4143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 5143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 6143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 7143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 8143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 9143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 10143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 11143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 12143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 13143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 14143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 15143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 16143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 17143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 18143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 19143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 20143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 21143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 22143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 23143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 24143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 25143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 26143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 27143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 28143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 29143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 30143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 31143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 32143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 33143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 34143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 35143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 36143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 37143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 38143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 39143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 40143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 41143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 42143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 43143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 44143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 45143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 46143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd) — photo 47
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For Sale · Multifamily

143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd)

143-145 ORDNANCE STREET, Kingston (East of Sir John A. Blvd), ON K7K1G9

$898,000 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

86%

About this property

Welcome to 143-145 Ordnance Street - a well-maintained fourplex in Kingston's sought-after Inner Harbour neighbourhood. Ideally situated within walking distance of Queen's University and just steps from downtown Kingston's restaurants, amenities, waterfront, and year-round events, this property offers an excellent opportunity to own a multi-unit investment in a highly desirable rental location. The property features four bright and efficiently designed one-bedroom units, each offering comfortable living spaces and functional layouts. The main-floor units feature open-concept living and kitchen areas with large south-facing windows, 3pc bathrooms, and access to their own private rear decks. The upper-level units are equally bright and inviting, with bedrooms positioned at the front of the home, 4pc bathrooms, and central living and kitchen areas overlooking the rear of the property. Tenants are responsible for their own utilities, with the exception of natural gas heat, helping to keep operating expenses manageable. The property also offers four dedicated parking spaces plus one additional bonus parking space, providing flexibility for owner use or the potential to generate additional rental income. Whether you're looking to expand your investment portfolio, live in one unit while generating rental income from the others, or simply add a well-positioned multi-unit property to your holdings, 143-145 Ordnance Street presents a compelling opportunity in the heart of Kingston. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$898K
Down payment30% · $269K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$26K

Annual cash flow

$-24K

Cash-on-cash

-8.91%

DSCR

0.52

Going-in cap

2.87%

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

70,226

Households

27,194

Median income

$92,000

Median age

44.7

Daytime population

67,531

5-yr growth

4.4%

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

Secure deal room

Confidential diligence documents for 143-145 ORDNANCE 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.