304 Yonge St 6 Unit Apartment Building $1,500,000 CAD ($250,000 CAD/Unit) 3.97% Cap Rate Kingston, ON K7M 1G7

304 Yonge Street presents a rare multifamily investment opportunity located in one of Kingston’s most desirable neighborhoods. This well-maintained property features six residential units on a .13-acre site, offering both stability and upside potential. The property benefits from separately metered hydro for tenants, while the landlord covers gas, water, and sewer, ensuring efficient utility management. With current monthly income of approximately $7,576 and a projected market income of $9,500 per month, this asset offers notable value-add potential through rent adjustments.
Positioned near St. Lawrence College and within walking distance to Queen’s University, the building captures consistent housing demand from students, faculty, and local professionals. Amenities such as Richardson Stadium, Portsmouth Olympic Harbour, and downtown Kingston are nearby, enhancing tenant appeal. Quick connection to Sir John A. Macdonald Boulevard and Highway 401 provides excellent regional access. Backed by steady population growth and limited multifamily inventory in Kingston, this property aligns perfectly with investor priorities for income stability and long-term appreciation.