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7 Rideau Street

Kingston, ON K7K 2Z5
  • $1,250,000
  • STATUS: Active
  • ON SITE: 127 Days
  • MLS #: 40169303
UPDATED: 159 min ago
$1,250,000
  • 0
    BEDS
  • 0.07
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
County:
Area:

Description

Exceptional mixed-use investment opportunity, centrally located near the heart of Kingstons historic downtown core, 1-block from a major grocery anchor, steps to City Hall, Market Square, Leons Entertainment Centre and Kingston renowned artisanal cafes, eclectic shops & award-winning bistros. Situated in a residential neighbourhood & uniquely nestled in close proximity to high-traffic downtown venues, the property offers 3x1 Bedrooms suites, and 1 Commercial unit all with significant rental upside potential on turnover. The main level consists of Unit A, a 420 sf commercial suite w/ kitchenette, W/C, & 8ft ceilings. Unit B is an immaculate 1-Bed suite, fully upgraded (2014), with exposed brick and limestone walls, stainless steel appliances, walk-in closet, w/ Bedroom and Living Room both w/ views toward Lake Ontario. Unit C is an exceptionally maintained, upgraded & fully furnished 1- Bed 550 sf lower level suite, with high ceiling, full stainless steel appliances & exposed limestone walls. Unit D is an extremely unique and oversized 1-Bed suite with eat-in kitchen, full bath, storage, dining room, and living room with +16 ft cathedral ceilings with potential to create a loft. Unit D currently rented significantly below market, with endless potential on turnover. The property offers 3 on-site parking spaces, a rare feature in the neighbourhood. There are 3 electrical meters & 1 water meter (Unit C & D have dedicated meters). Pride of ownership is evident throughout this property, which has been impressively maintained and upgraded over the years. Common Coin-Operated laundry. Well kept, dry lower level, where you will also find 3 new hot water heaters. A great investment opportunity, AirBnB investment, or live-work arrangement by owner occupier.

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The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2022-01-29T00:21:17.76.
www.enveloperealestate.com/homes/121729120
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7 Rideau Street Kingston, ON K7K 2Z5

  • Price: $1,250,000
  • Status: Active
  • On Site: 127 Days
  • Updated: 159 min ago
  • MLS #: 40169303
0
Beds
0
Baths
0
½ Baths
0.07
Acres
Neighbourhood:
22 - East Of Sir John A. Blvd
County:
Frontenac
Area:
Kingston
Property Description
Exceptional mixed-use investment opportunity, centrally located near the heart of Kingstons historic downtown core, 1-block from a major grocery anchor, steps to City Hall, Market Square, Leons Entertainment Centre and Kingston renowned artisanal cafes, eclectic shops & award-winning bistros. Situated in a residential neighbourhood & uniquely nestled in close proximity to high-traffic downtown venues, the property offers 3x1 Bedrooms suites, and 1 Commercial unit all with significant rental upside potential on turnover. The main level consists of Unit A, a 420 sf commercial suite w/ kitchenette, W/C, & 8ft ceilings. Unit B is an immaculate 1-Bed suite, fully upgraded (2014), with exposed brick and limestone walls, stainless steel appliances, walk-in closet, w/ Bedroom and Living Room both w/ views toward Lake Ontario. Unit C is an exceptionally maintained, upgraded & fully furnished 1- Bed 550 sf lower level suite, with high ceiling, full stainless steel appliances & exposed limestone walls. Unit D is an extremely unique and oversized 1-Bed suite with eat-in kitchen, full bath, storage, dining room, and living room with +16 ft cathedral ceilings with potential to create a loft. Unit D currently rented significantly below market, with endless potential on turnover. The property offers 3 on-site parking spaces, a rare feature in the neighbourhood. There are 3 electrical meters & 1 water meter (Unit C & D have dedicated meters). Pride of ownership is evident throughout this property, which has been impressively maintained and upgraded over the years. Common Coin-Operated laundry. Well kept, dry lower level, where you will also find 3 new hot water heaters. A great investment opportunity, AirBnB investment, or live-work arrangement by owner occupier.
Exterior Features

Construction Materials Brick Exterior Features Controlled EntryFenced PartiallyLandscaped Features In Area Downtown Fronting On East Location Urban Lot Size Area 0.0700 Parking Features Exclusive Parking Total 3 Property Attached Detached Road Access Paved Road Water Front YN No

Interior Features

Basement Finish Fully Finished Basement YN Yes Building Area Total 3141.00 Cooling None Cooling YN No Heating Baseboard Kitchens Total 0

Property Features

Approximate Age Unknown Assessment Year 2016 Common Elements Fee YN No Common Interest Freehold/None Condo Corporation YN No Cross Street Rideau Street & Barrack Street Laundry Features Coin Operated Lot Depth 72.20 Lot Front 43.60 Mls Status Active New Construction YN No Property Sub Type Investment Services CableElectricityFibre OpticsHigh Speed InternetRecycling PickupTelephone Sewer Sewer (Municipal) Stories Total 2.5 Water Source Municipal

Listing information © 2022 Information Technology Systems Ontario.
Listing provided courtesy of Sina Tahamtan of Rogers & Trainor Commercial Realty Inc., Brokerage.
The data relating to real estate on this web site comes in part from the Internet Data Exchange (IDX) program of the Information Technology Systems Ontario. The information herein is believed to be accurate and timely, but no warranty as such is expressed or implied. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purposes or any other purpose. Data updated daily.

The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

Data last updated: 2022-01-29T00:21:17.76.
 
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