380 BARRIE STREET, Kingston (East of Sir John A. Blvd)380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 2380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 3380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 4380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 5380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 6380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 7380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 8380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 9380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 10380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 11380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 12380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 13380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 14380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 15380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 16380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 17380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 18380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 19380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 20380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 21380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 22380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 23380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 24380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 25380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 26380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 27380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 28380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 29380 BARRIE STREET, Kingston (East of Sir John A. Blvd) — photo 30
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Business For Sale · Multifamily

380 BARRIE STREET, Kingston (East of Sir John A. Blvd)

380 BARRIE STREET, Kingston (East of Sir John A. Blvd), ON K7K3T4

$899,000 total

2,250 SF

Asset Class

Multifamily

Size

2,250 SF

Building class

A

Zoning

RF6 — Medium Density

$ / SF

$400

Occupancy

88%

About this property

7.8 NET CAP RATE | $78,000 GROSS ANNUAL INCOME | TURN-KEY DUPLEX. An exceptional investment opportunity offering a strong 7.8 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 7.8 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. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$899K
Down payment30% · $270K
Interest rate6.25%
Amortization25 years
Occupancy88%
Expense growth2.5%

Monthly debt service

$4K

Projected NOI

$26K

Annual cash flow

$-23K

Cash-on-cash

-8.70%

DSCR

0.53

Going-in cap

2.93%

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.

Rent roll (estimated)

TenantAreaExpiry
Cascade Foods Inc.952 SF2027-07
Cascade Foods Inc.492 SF2027-07
Blue Harbour Design400 SF2027-07
Cascade Foods Inc.400 SF2027-07

Area demographics

Trade area within 3 miles of the property.

Population

43,456

Households

15,454

Median income

$98,000

Median age

42.1

Daytime population

39,660

5-yr growth

3%

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

Secure deal room

Confidential diligence documents for 380 BARRIE 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.