49-67 Adelaide Street, Kingston, ON K7K 1Y3, Kingston, ON
Bath 12
8280.0 sqft
An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of Downtown Kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its own private walk-out basement, with 6 units also offering decks off the living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current Cap Rate of 5.24%, with a projected Cap Rate of approximately 5.37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to Downtown Kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals.
Property Highlights
For Sale
MLS NO.
X13467366
Type
Commercial
Sub Type
Investment
Bathrooms
12
Square Footage
8280.0 sqft
Complete Property Details
Property Type
Commercial
Sub Type
Investment
Transaction Type
For Sale
Status
Active
Contract Status
Available
MLS® Number
X13467366
Total Bathrooms
12
Lot Width
132.0
Garage Type
None
Cooling
No
Heat Type
Gas Forced Air Closed
Internet Address Display Yn
Yes
Internet Entire Listing Display Yn
Yes
Full Address
49-67 Adelaide Street, Kingston, ON K7K 1Y3
City
Kingston
Neighbourhood
22 - East of Sir John A. Blvd
County / Region
Frontenac
Province / State
ON
Postal Code
K7K 1Y3
Cross Street
Division Street & Adelaide Street
Directions
Division Street to Adelaide Street
Country
CA
List Price
$3,199,900
Annual Taxes
$20,683
Tax Year
2026
Legal Description
LTS 2, 15 & 16, PL B12 AS IN FR787376 KINGSTON CITY; KINGSTON, THE COUNTY OF FRONTENAC
Possession Type
Flexible
Possession Details
Flexible
Listing Office
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Board
Kingston & Area Real Estate Association
Original Entry
2026-06-19T15:40:59Z
Media Updated
2026-06-19T16:20:45Z
Photos Updated
2026-06-19T15:54:39Z
Last Modified
2026-06-19T17:04:11Z
System Modified
2026-06-19T17:04:11.941766Z
MLS Status
New
Co List Office Name
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
Ddfyn
Yes
Expiration Date
2026-11-30
Heat Type Multi
Gas Forced Air Closed
Hstapplication
In Addition To
Occupant Type
Tenant
Originating System Id
A00001796
Parcel Number
360520405
Public Remarks
An excellent opportunity to acquire a 10 unit townhouse complex positioned on the outskirts of Downtown Kingston, offering strong income, functional layouts & long term investment appeal. The property is comprised of 10 attached townhouse units with a mix of 2 & 3 bedroom layouts, each featuring its own private walk-out basement, with 6 units also offering decks off the living room. Six of the ten units have been renovated, creating a strong blend of updated interiors with continued upside potential across the remaining units. The property is designed for efficient ownership, with all units separately metered, tenants paying their own utilities, & each unit equipped with its own forced air gas furnace & hot water tank. Additional highlights include a massive parking lot & a 12 ft x 27 ft storage shed. Based on the current rent roll & expenses, the property offers an approximate current Cap Rate of 5.24%, with a projected Cap Rate of approximately 5.37% based on scheduled 2026 rent increases. With townhouse-style units, tenant-paid utilities, individual mechanical systems, strong parking & close proximity to Downtown Kingston & public transit, this is a compelling income-producing property with excellent operational fundamentals.