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Investment signal

$949,000

271-273 RIDEAU STREET

Beds

Baths

Sqft

—

Year

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Location

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About this home

Prime five-unit income property ideally located just steps from downtown Kingston, Kingston General Hospital, and Queen's University. This well-cared-for multiplex offers a desirable unit mix and includes on-site parking for four vehicles-an added advantage in this high-demand rental area. With a proven track record of consistent tenancy and a straightforward, low-maintenance operating setup, this property delivers dependable cash flow and long-term stability. Surrounded by amenities, transit, and major employment hubs, it continues to attract quality tenants year-round. A rare opportunity to acquire a solid, income-generating asset in one of Kingston's most sought-after rental locations. (id:65958)

Subtype: Multi-family
Structure: Other
Community: 22 - East of Sir John A. Blvd
Lot dimensions: 46.1 x 106 FT
Bedrooms: 10 above grade, 1 below grade
Parking: 4 total
Stories: 2
On market: Apr 14, 2026
Status changed: Apr 15, 2026
Annual tax: $7,603.73
Photos: 29
MLS#: X12997694
Area: KINGSTON_(EAST_OF_SIR_JOHN_A._BLVD)

Features and systems

Parking

No Garage

Basement

Full

Appliances

WasherRefrigeratorStoveDryer

Cooling

None

Exterior

BrickAluminum siding

Foundation

Block

Lot

Irregular lot size

Negative cash flow ~$1,846/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

-11.67%

Cap rate

3.55%

GRM

16.6

Break-even rent

$6,694

Financing

Down payment$189,800

Loan amount$759,200

Mortgage$4,658/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$435

Insurance$80

Maintenance$791

CapEx reserve$395

Vacancy loss$238

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 (East 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 $4,658/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 15, 2026.