138 CHATHAM STREET, Kingston, Ontario

$775,000

6 Beds
3 Baths

Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until April 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential. (id:50212)

Listing ID: X13126954
Property Type: Multi-family

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Rooms

Level	Type	Dimensions
Bathroom	Second level	3.13 m x 1.5 m
Bedroom	Second level	3.52 m x 5.61 m
Bedroom	Second level	3.53 m x 3.02 m
Bedroom	Second level	3.1 m x 2.83 m
Living room	Main level	3.41 m x 6.46 m
Kitchen	Main level	5.08 m x 2.83 m
Dining room	Main level	4.45 m x 1.8 m
Bedroom	Main level	3.45 m x 3.92 m
Bedroom	Main level	3.44 m x 2.37 m
Bathroom	Main level	1.65 m x 2.64 m
Laundry room	Main level	1.9 m x 1.69 m
Bedroom	Upper Level	4.69 m x 4.05 m
Kitchen	Upper Level	3.11 m x 3.21 m
Bathroom	Upper Level	2.81 m x 1.14 m

Details

Amenities Nearby: Park, Public Transit
Equipment: Water Heater
Features: Irregular lot size
Parking Spaces: 2
Rental Equipment: Water Heater
Structure: Porch, Shed
Transaction: For sale
Zoning Description: UR5

Building

Amenities: Separate Electricity Meters
Appliances: Water Heater, Dryer, Stove, Washer, Refrigerator
BasementType: Full (Unfinished)
Basement Development: Unfinished
Bedrooms Main Level: 6
Cooling: None
Exterior Finish: Vinyl siding
Fireplace Present: False
Foundation: Concrete
Bathrooms (Total): 3
Heating: Forced air
Heating Fuel: Natural gas
Size Interior: 1500 - 2000 sqft
Stories Total: 2
Type: Duplex
Utility Water: Municipal water

Land

Amenities: Park, Public Transit
Fence: Fenced yard
Sewer: Sanitary sewer
Size Frontage: 51 ft
Size Irregular: 51 x 70.3 FT

Listing provided by ONE PERCENT REALTY LTD.
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 138 CHATHAM STREET in Kingston Ontario. It was last modified on May 14th, 2026. Contact The TanTeam to schedule a viewing or to discover other Kingston real estate for sale.

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