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Home ON Greater Kingston Kingston Portsmouth
237 MOWAT AVENUE
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237 MOWAT AVENUE $2,315,000
$2,315,000
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237 MOWAT AVENUE
Kingston (Central City West), Ontario K7M1K6

MLS® Number: X11922478
11
Bedrooms
9
Bathrooms
5000 - 100000
Square Feet

Listing Description

237 Mowat Avenue is a property of eight beautifully renovated apartments containing a total of 11 bedrooms, fully leased, on a site-specific zoned lot recognizing an 8-unit multiplex, strategically located in the historic district of Portsmouth Village/Mowat Woods, with close proximity to Queens University West Campus, Providence Care Hospital and St Lawrence College. The attractive, farmhouse style architecture building, on a large property situated on a public transit route with bus stops directly in the front giving easy access to KHSC and Queens Main campus only minutes away. Centrally located, 237 Mowat has a very walkable score of 74 making it easy for most errands to be accomplished on foot and a very bikeable score of 83 providing the tenants a healthy option for personal transportation and exercise. The proximity to numerous institutions provides strong rental demand, is always rented with excellent cash flow and steady long-term returns. Averaging a 24-month turnover the ability to adjust rents with greater frequency increases profitability at an accelerated rate. The location is an upscale, single-family neighborhood, minutes walk to the business district of Portsmouth Village and Lake Ontario waterfront. The surroundings and area bestow the occupants, who are primarily postgraduates or young professionals, with plenty of park like green space and a tranquil, relaxed way of living. There are eight attractive, self-contained units of 5 one-bedroom 1 bath suites, 2 two-bedroom 1 bath flats and a two-bedroom 2 bath bi-level apt each with private entrances, and a parking lot and common coin laundry. Appealing to a broad demographic of renters, updated and well maintained with many recent site improvements, this is a rare offering having an excellent ROI that would be a strong and secure compliment to any real-estate investment portfolio! (39722335)

Location Description

Johnson Street to Mowat Avenue OR Union Street to Mowat Avenue

Property Summary

Property Type
Multi-family
Building Type
Other
Storeys
2.5
Square Footage
5000 - 100000 sqft
Community Name
Central City West
Land Size
70 x 195 FT|under 1/2 acre
Annual Property Taxes
$15,567.26
Total Parking Spaces
8
Time on REALTOR.ca
39 days

Building

Bedrooms
Above Grade
11
Bathrooms
Total
9
Partial
1
Interior Features
Appliances Included
Water Heater, Dryer, Microwave, Refrigerator, Stove, Washer
Basement Type
N/A (Partially finished)
Building Features
Features
Lighting, Sump Pump
Foundation Type
Block, Stone
Fire Protection
Smoke Detectors
Building Amenities
Separate Heating Controls, Separate Electricity Meters
Rental Equipment
Water Heater - Gas
Structures
Porch
Heating & Cooling
Heating Type
Hot water radiator heat (Natural gas)
Utilities
Utility Sewer
Sanitary sewer
Water
Municipal water
Exterior Features
Exterior Finish
Vinyl siding
Neighbourhood Features
Amenities Nearby
Beach, Hospital, Park, Public Transit
Parking
Total Parking Spaces
8

Measurements

Square Footage
5000 - 100000 sqft

Land

Lot Features
Frontage
70 ft
Land Depth
195 ft
Other Property Information
Zoning Description
UR7 legacy exemption L450
Waterfront Features
Surface Water
Lake/Pond
Data provided by: Kingston & Area Real Estate Association 720 Arlington Park Place, Kingston, Ontario K7M 8H9

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MARK MALINOFF