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    48 Stephen Street, Kingston, ON K7K 2C3

    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    48 Stephen Street, Kingston, ON K7K 2C3
    For Sale Active Commercial

    48 Stephen Street, Kingston, ON K7K 2C3

    $2,375,000

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    48 Stephen Street, Kingston, ON K7K 2C3, Kingston, ON
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      10000.0 sqft

    Well-located 12-unit apartment building in Kingston's highly sought-after Inner Harbour District. The property generates a current NOI of $106,803 and is approximately 21% under-rented across the building, offering immediate and measurable upside through rent optimization. The building is in good overall condition, with several capital improvements already completed. Rents are inclusive, with landlord-paid utilities, creating potential for future expense optimization. On-site parking enhances tenant appeal and long-term stability. This asset qualifies for CMHC MLI-Select-style financing, making it an attractive opportunity for investors seeking leverage, income growth, and a strong downtown location with limited multi-residential supply. Full financials, rent roll, and supporting documentation are available in the data room. Serious buyers are encouraged to review the materials to fully understand the income upside and financing potential.

    Property Highlights

    For Sale
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      MLS NO.

      X13228856

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      Type

      Commercial

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      Sub Type

      Investment

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      Square Footage

      10000.0 sqft

    Complete Property Details

    Property Type Commercial
    Sub Type Investment
    Transaction Type For Sale
    Status Active
    Contract Status Available
    MLS® Number X13228856
    Lot Width 57.72
    Lot Size Units SquareFeet
    Garage Type None
    Cooling No
    Heat Type Gas Hot Water
    Internet Address Display Yn Yes
    Internet Entire Listing Display Yn Yes
    Full Address 48 Stephen Street, Kingston, ON K7K 2C3
    City Kingston
    Neighbourhood 22 - East of Sir John A. Blvd
    County / Region Frontenac
    Province / State ON
    Postal Code K7K 2C3
    Cross Street Stephen St and Montreal St
    Directions Montreal or Division St to Stephen St
    Country CA
    List Price $2,375,000
    Annual Taxes $24,831
    Tax Year 2025
    Legal Description PT FARM LT 1 CON WGCR KINGSTON AS IN FR202120; KINGSTON ; THE COUNTY OF FRONTENAC
    Possession Type Flexible
    Possession Details Flexible
    Listing Office RE/MAX RISE EXECUTIVES, BROKERAGE
    Board Kingston & Area Real Estate Association
    Original Entry 2026-06-02T16:35:50Z
    Media Updated 2026-06-03T20:05:21Z
    Photos Updated 2026-06-03T20:05:21Z
    Last Modified 2026-06-16T01:04:44Z
    System Modified 2026-07-06T21:35:28.972786Z
    MLS Status New
    Basement Yn Yes
    Co List Office Name RE/MAX RISE EXECUTIVES, BROKERAGE
    Ddfyn Yes
    Expiration Date 2026-11-30
    Heat Type Multi Gas Hot Water, Water Radiators
    Hstapplication Included In
    Occupant Type Tenant
    Originating System Id A00001796
    Parcel Number 360520061
    Public Remarks Well-located 12-unit apartment building in Kingston's highly sought-after Inner Harbour District. The property generates a current NOI of $106,803 and is approximately 21% under-rented across the building, offering immediate and measurable upside through rent optimization. The building is in good overall condition, with several capital improvements already completed. Rents are inclusive, with landlord-paid utilities, creating potential for future expense optimization. On-site parking enhances tenant appeal and long-term stability. This asset qualifies for CMHC MLI-Select-style financing, making it an attractive opportunity for investors seeking leverage, income growth, and a strong downtown location with limited multi-residential supply. Full financials, rent roll, and supporting documentation are available in the data room. Serious buyers are encouraged to review the materials to fully understand the income upside and financing potential.
    Showing Requirements Showing System
    Street Name Stephen
    Street Number 48
    Street Suffix Street
    Vendor Property Info Statement No