bagot st

5 Bedroom House at 491 Bagot Street has been sold for $XXX,XXX. Click here to view details, map, and photos.

491 Bagot Street, Inactive in Kingston - Zoocasa

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A Two-And-A-Half Storey Red-Brick Triplex In Fabulous Condition, With Good Tenants, A Bonus Studio Suite Used For Overnight Rentals, And The Whole Thing Backing Onto Downtown Tennis Courts. The Cap Rate As It’s Set Up Now Is Almost Exactly 7%. That’s Probably Most Of What You Need To Know, But It Breaks Down This Way: There Is A Main-Floor One-Bedroom Apartment With Its Own Deck, And At The Front Of The House Is A Very Pretty Short-Term Suite. These Could Easily Be Combined. The Second Floor Has A Really Pretty Two-Bedroom Apartment That Will Be Vacant In August, And Up Top Is A One-Bedroom Unit In Which To Write The Great Canadian Novel. Laundry For Everyone Is In The Basement And There Are Three Parking Spots. It’s An Unusually Fine Combination Of Location, Condition And Income. If It Was Ours We’d Hardly Change A Thing, And Isn’t That Exactly The Sort Of Music You Wanted To Hear?

THREE STOREY BRICK RENTAL, DOWNTOWN AND CLOSE TO ALL AMENITIES. BACKING ONTO RIVERVIEW PARK, THIS THREE UNIT BUILDING HAS REAR DECK, 3 PARKING SPOTS, METAL FIRE ESCAPE TO 2ND-3RD FLOORS AND ENTRY AT REAR TO LAUNDRY AREA THAT HAS BEEN FOAM SPRAYED TO INCREASE INSULATION, 90% OF THE WINDOWS HAVE BEEN UPGRADED, ROOF WAS NEW LAST FALL. THE MAIN FLOOR APARTMENT HAS GAS FIREPLACE AND ALL APARTMENTS HAVE ENTRY DOOR BELLS, LETTER ON FILE FROM CITY CONFIRMING 3 UNITS. ALL RENTS INCLUSIVE: APT #1 - $1,250, APT #2 - $995.00, APT #3 - $800. WITH DRYER $5-600 INCOME FOR A TOTAL INCOME OF $37,040.00, EXPENSES OF TAXES $3,532, INSURANCE $1,100, TOTAL UTILITIES $4,950 - FOR TOTAL EXPENSES $9,532, GIVES A NET INCOME OF $27,458.00. TWO - 2 BEDROOM UNITS AND ONE - 1 BEDROOM. GREAT INVESTMENT.

Bagot StreetHouse · Kingston, ON

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