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Investment signal

$725,000

1348 PRINCESS STREET

Beds

Baths

Sqft

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Year

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About this home

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. (id:65958)

Subtype: Multi-family
Structure: Triplex
Community: 25 - West of Sir John A. Blvd
Lot dimensions: 53 x 200 FT
Bedrooms: 4 above grade, 2 below grade
Parking: 5 total
Stories: 1.5
On market: Apr 14, 2026
Status changed: Apr 17, 2026
Annual tax: $5,151.92
Photos: 20
MLS#: X12997692
Area: KINGSTON_(WEST_OF_SIR_JOHN_A._BLVD)

Features and systems

Parking

Attached GarageGarage

Basement

FinishedFullSeparate entranceWalk-upN/AN/AN/A

Appliances

WasherRefrigeratorStoveDryerWater Heater

Heating

Baseboard heatersElectric

Cooling

None

Exterior

Vinyl siding

Foundation

Block

Negative cash flow ~$1,433/mo at these assumptions

Monthly rent (CAD)Adjust to your local market estimateDown payment (%)Investment props typically 20-25%Mortgage rate (% annual)2026 default 5.49% — adjust to your rate holdAmortization (years)

Cash on cash

-11.86%

Cap rate

3.52%

GRM

16.7

Break-even rent

$5,133

Financing

Down payment$145,000

Loan amount$580,000

Mortgage$3,558/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$332

Insurance$80

Maintenance$604

CapEx reserve$302

Vacancy loss$181

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Lifestyle nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Kingston (West of Sir John A. Blvd). The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $3,558/mo at 5.49% with 20% down, 25-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.