Located just a short walk from Queens University downtown Kingston, 135 Nelson Street presents a prime opportunity to own a fully leased, turnkey student rental in one of Kingston's most sought-after investment areas. This five-bedroom, one-and-a-half-bath home is currently rented at $850 per room, with all tenants in place until April 2026. A new owner will have the opportunity to rent at a higher rate. The property has been a consistently strong-performing investment and has undergone a full facelift since purchase, including a rebuilt back deck, new front wooden steps, a fresh cement walkway, and an attic insulation top-up for improved efficiency. The home feels bright and airy, and has been a pleasure to lease out. The natural gas furnace was serviced last fall, and the roof was replaced in 2019. Another standout feature is the huge backyard - rare for the area - offering extra space for outdoor enjoyment or potential future use. The home also includes three parking spots, on-site laundry in the basement, and comes fully furnished, including a recently updated fridge and stove. With reliable second-year student tenants, strong rental income, and minimal upkeep required, this is a truly hands-off investment in the heart of Kingston's university district.
Address
135 Nelson Street
List Price
$749,000
MLS® Status
New
Expiration Date
2026-04-09
Property Type
Residential Freehold
Type of Dwelling
Detached
Style of Home
2-Storey
Transaction Type
Sale
Area
Kingston
Sub-Area
14 - Central City East
Region
Frontenac
Bedrooms
5
Bedrooms (Total)
5
Rooms Above Grade
9
Bathrooms
2
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
132
Lot Shape
Rectangular
Lot Size Range (Acres)
< .50
Lot Size Units
Feet
Lot Width
33
Parcel Number
360260154
Occupant Type
Tenant
Cross Street
Princess Street
Approx. Age
100+ Years
MLS® Number
X12680026
Listing Brokerage
RE/MAX RISE EXECUTIVES, BROKERAGE
Basement Area
Unfinished
Postal Code
K7L 3W9
Posession Details
Flexible
Parking
Private
Parking Places (Total)
3
Parking Spaces
3
Tax Amount
$4,711.40
Tax Year
2025
Site Influences
Deck
Exterior Features
Deck
Interior Features
Primary Bedroom - Main Floor
Central Vacuum
No
Family Room
No
Ensuite Laundry
No
Special Designation
Unknown
Standard Status
Active
Board Or Association
Kingston & Area Real Estate Association
Heat Source
Gas
Heat Type
Forced Air
Cooling
No
Cooling Features
None
Construction Materials
Vinyl Siding
Direction Faces
East
Fireplace
No
Foundation Details
Stone
Garage
No
Garage Type
None
Kitchens Total
1
Kitchens Above Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
PT LT 647 PL A12 KINGSTON CITY AS IN FR551184; KINGSTON ; THE COUNTY OF FRONTENAC
Waterfront
No
Waterfront
None
Sewer
Sewer
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