237 Mowat Avenue, Kingston, ON K7M 1K6, Kingston, ON
Bed 11
Bath 9
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!
Property Highlights
For Sale
MLS NO.
X11922478
Type
Residential Freehold
Sub Type
Multiplex
Bedrooms
11
Bathrooms
9
Parking
8.0
Complete Property Details
Property Type
Residential Freehold
Sub Type
Multiplex
Transaction Type
For Sale
Status
Expired
Contract Status
Unavailable
MLS® Number
X11922478
Living Area Range
5000 +
Total Bedrooms
11
Bedrooms Above Grade
11
Total Bathrooms
9
Total Kitchens
8
Kitchens Above Grade
8
Rooms Above Grade
36
Interior Features
Separate Heating Controls, Separate Hydro Meter, Water Heater Owned, Sump Pump
Fireplace
No
Central Vacuum Yn
No
Security Features
Carbon Monoxide Detectors, Smoke Detector
Construction
Vinyl Siding
Roof
Asphalt Shingle
Lot Width
70.0
Parking Features
Private, Available
Parking Total
8.0
Covered Spaces
0.0
Garage Type
None
Pool
None
Direction Facing
East
Cooling
None
Heat Source
Gas
Heat Type
Water
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
237 Mowat Avenue, Kingston, ON K7M 1K6
City
Kingston
Neighbourhood
18 - Central City West
County / Region
Frontenac
Province / State
ON
Postal Code
K7M 1K6
Cross Street
Johnson Street to Mowat Avenue OR Union Street to Mowat Avenue
Country
CA
List Price
$2,295,000
Annual Taxes
$15,567
Tax Year
2024
Legal Description
PT LTS 13 & 14, PL 654, PT 1, 13R18201; PT PARK LT 3 BTN YONGE ST & MOWAT AV PL 54 KINGSTON CITY AS IN PRC2204 EXCEPT PL 654 & FR636165; EXCEPT PT 1 13R23235; KINGSTON; THE COUNTY OF FRONTENAC
Possession Details
TBD
Listing Office
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Board
Kingston & Area Real Estate Association
Original Entry
2025-01-14T16:22:18Z
Media Updated
2025-02-19T20:50:05Z
Photos Updated
2025-01-20T17:51:55Z
Last Modified
2025-04-14T05:15:52Z
System Modified
2025-10-12T08:26:25.476371Z
MLS Status
Expired
Architectural Style
2 1/2 Storey
Basement
Partially Finished
Co List Office Name
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Ddfyn
Yes
Expiration Date
2025-04-13
Foundation Details
Block, Stone
Heat Source Multi
Gas
Heat Type Multi
Water
Hstapplication
No
Occupant Type
Tenant
Originating System Id
A00001796
Parking Spaces
8
Property Features
Beach, Golf, Hospital, Lake/Pond, Park, Public Transit
Public Remarks
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!
