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$1,150,000
Available - For Sale
Listing ID: X11969489
Welcome to 166 Queen St. This charming licensed Short Term Rental AIRBNB offers numerous opportunities for investors, entrepreneurs, homeowners, and developers. Located in the heart of downtown Kingston, just 2 blocks from the waterfront, this well-maintained and well-appointed property is a fantastic buy. It features a prime location, excellent office space potential, and multiple suites. This downtown Kingston property offers three separate suites run your business, live in one suite, and rent the other, or rent them all for amazing value. The main floor contains three spacious offices with closets for storage and a 2-piece bathroom. The recently renovated lower level apartment features an open-concept living/dining room, kitchen, and a bedroom with a 4-piece ensuite. The upper level apartment includes a living room with a vaulted ceiling , kitchen, and 3-piece bathroom on the first level, and a large bedroom and 3-piece bathroom on the second level. The private back patio is a quaint courtyard space with beautiful limestone walls, a deck, and garden shed. This property presents a great opportunity to diversify or enhance your investment portfolio, own your office while offsetting costs with rental income, or operate the AIRBNB for income. Enjoy an urban, walkable, eco-friendly lifestyle. According to Walk Score: this property has a "Walk Score of 100 out of 100. This location is a 'Walkers Paradise' so daily errands do not require a car.... with nearby parks including McBurney Park, North Street Hill Park and Boucher Park" and downtown Confederation Park with Confederation Basin Marina, Wolf Island Ferry and all downtown amenities.
Price $1,150,000
Taxes: $7,635.56
Tax Type: Annual
Assessment: $312000
Assessment Year: 2024
Occupancy by: Own+Ten
Address: 166 Queen St , Kingston, K7K 1B1, Ontario
Postal Code: K7K 1B1
Province/State: Ontario
Lot Size: 65.68 x 30.36 (Feet)
Directions/Cross Streets: Queen St./ King St.
Zoning: DT@
Category: Accommodation
Building Percentage: Y
Total Area: 2,000
Total Area Code:  Sq Ft
Area Influences: Public Transit  
Business/Building Name: 166 Queen St. AIRBNB
Taxes Expense: $7500
Insurance Expense: $2100
Maintenance: 2,500
 Heat Expenses: $2600
 Hydro Expense:  $2600
Other Expenses: $6000
Operating Expenses: $23000
Net Income Before Debt: $14000
Expenses Actual/Estimated: $Act
Heat Type: Other
Central Air Conditioning: Part
Water: Municipal
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
K B REALTY INC., BROKERAGE

166 Queen St , Kingston, K7K 1B1, Ontario


 
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At a Glance:
Type: Com - Investment
Area: Frontenac
Municipality: Kingston
Neighbourhood: East of Sir John A. Blvd
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Lot Size: 65.68 x 30.36(Feet)
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Tax: $7,635.56
Maintenance Fee: $2,500
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