Turnkey, fully tenanted triplex in a prime central Kingston location offering strong, reliable income. This well-maintained property features three spacious 2-bedroom units, each with a full bath and in-suite laundry, appealing to quality long-term tenants. Current rents are $1,800 for Unit 1 and $1,600 each for Units 2 and 3. Tenants pay heat and hydro, while the landlord covers water and sewer, ensuring stable and predictable expenses. Ideally located near Kingston Centre, downtown, Queen's University, and St. Lawrence College, with easy access to transit and Highway 401. Surrounded by amenities, this is an excellent opportunity to secure a solid investment in a high-demand rental area.
Address
1348 Princess Street
List Price
$725,000
MLS® Status
New
Expiration Date
2026-10-30
Property Type
Residential Freehold
Type of Dwelling
Triplex
Style of Home
1 1/2 Storey
Transaction Type
Sale
Area
Kingston
Sub-Area
25 - West of Sir John A. Blvd
Region
Frontenac
Bedrooms
4 + 2
Bedrooms (Total)
6
Rooms Above Grade
10
Rooms Below Grade
5
Bathrooms
3
Floor Area
1500-2000 Sq. Ft.
Lot Size Source
GeoWarehouse
Lot Depth
200
Lot Shape
Rectangular
Lot Size Units
Feet
Lot Width
53
Parcel Number
360760001
Occupant Type
Tenant
Cross Street
Portsmouth Avenue
Approx. Age
51 - 99 Years
MLS® Number
X12997692
Listing Brokerage
RE/MAX FINEST REALTY INC., BROKERAGE
Basement Area
Separate Entrance, Full, Walk-Up, Finished
Postal Code
K7M 3E2
Parking
Front Yard Parking
Parking Places (Total)
5
Parking Spaces
4
Tax Amount
$5,151.92
Tax Year
2025
Interior Features
Separate Heating Controls, Storage, Water Heater Owned
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
Electric
Heat Type
Baseboard
Cooling Features
None
Construction Materials
Vinyl Siding
Direction Faces
South
Fireplace
No
Fireplace Features
Other
Foundation Details
Concrete Block
Garage
Yes
Garage Type
Attached
Covered Spaces
1
Kitchens Total
3
Kitchens Above Grade
2
Kitchens Below Grade
1
Pool Features
None
Roof
Asphalt Shingle
Tax Legal Description
LT 1, PL 369 ; KINGSTON
Waterfront
No
Sewer
Sewer
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Rooms
| Floor | Type | Dimensions | Features |
|---|---|---|---|
| Main | Bathroom | 1.67 x 2.9 | |
| Main | Bedroom | 3.42 x 2.89 | |
| Main | Bedroom | 4.53 x 2.58 | |
| Main | Kitchen | 3.9 x 2.89 | |
| Main | Recreation | 7.65 x 3.15 | |
| Main | Other | 4.79 x 2.38 | |
| Main | Utility Room | 3.37 x 2.63 | |
| Second | Bathroom | 1.47 x 2.5 | |
| Second | Bedroom | 3.11 x 3.68 | |
| Second | Dining Room | 3.39 x 1.83 | |
| Second | Kitchen | 3.4 x 2.34 | |
| Second | Living Room | 4.48 x 5.44 | |
| Second | Office | 3.42 x 2.45 | |
| Second | Primary Bedroom | 3.67 x 3.65 | |
| Lower | Bathroom | 1.55 x 2.2 | |
| Lower | Bedroom | 3.45 x 3.11 | |
| Lower | Bedroom | 5.04 x 2.6 |