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The Sandpiper 300 Regent St 46 Unit Apartment Building For Sale Kingston, ON K7L 4K6
INVESTMENT HIGHLIGHTS
- 59% of suites renovated — minimal capital required with potential to further increase revenue as units turn over.
- Tenant-paid surface parking ($50/ month/stall) and a basement laundry room with newer, owned machines.
- Situated near Queen’s University, public transit, retail amenities, and major employment hubs — offering steady tenant demand.
- 34 bachelor and 12 one-bedroom suites — ideal for Kingston’s student and professional tenant base.
- Projected Year 1 NOI of $436,361 | In-place cash flow with continued upside.
- Kingston boasts low vacancy rates and steady rental demand supported by students, healthcare workers, and public sector employment.
EXECUTIVE SUMMARY
Presenting 300 Regent Street — a clean, stabilized 46- unit multifamily property located in Kingston, Ontario. Constructed in the 1970s with concrete, this three-storey apartment building sits on 0.61 acres and features a mix of 34 bachelor units and 12 one-bedroom units. The building has undergone substantial renovations, with 59% of suites already updated, leaving minimal capital outlay required for new ownership. With a projected Year 1 NOI of $436,361, tenant-paid parking, and income-generating onsite laundry, the property offers strong in-place cash flow and efficient operations. Investors benefit from a stable asset with durable construction, modernized suites, and the potential to unlock additional income as remaining suites turn over. Strategically located in one of Ontario’s most consistent rental markets, 300 Regent Street is well-suited for long-term investors seeking a low-maintenance building with reliable returns
and further income growth potential.
and further income growth potential.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.74 AC |
| No. Units | 46 | Building Size | 43,600 SF |
| Property Type | Multifamily | No. Stories | 4 |
| Property Subtype | Apartment | Year Built | 1975 |
| Apartment Style | Mid-Rise | Parking Ratio | 1.48/1,000 SF |
| Building Class | C | ||
| Zoning | B3 - Multiple Family Dwelling Zone | ||
| Sale Type | Investment |
| No. Units | 46 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | C |
| Lot Size | 0.74 AC |
| Building Size | 43,600 SF |
| No. Stories | 4 |
| Year Built | 1975 |
| Parking Ratio | 1.48/1,000 SF |
| Zoning | B3 - Multiple Family Dwelling Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 34 | - | 595 |
| 1+1 | 12 | - | 739 |
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Walk Score®
Very Walkable (88)
Bike Score®
Very Bikeable (81)
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VIDEOS
MATTERPORT 3D EXTERIOR
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The Sandpiper | 300 Regent St
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