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Investment signal

$849,888

361-365 DIVISION STREET

Beds

7

Baths

4.1

Sqft

Year

Location

See the block, not just the house.

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About this home

INVESTMENT OPPORTUNITY!! $80,700.00 Gross Annual Income!!! This separately metered, newly renovated, carpet free TRIPLEX with parking for 5 vehicles, is ideally located on the bus route with fast access to downtown Kingston, Queen's University, and the 401 with option for partial vacant possession for the new owner along with two rented units for great income! It features a 2 BEDROOM apt (365 Division st) on the ground floor with 2 entrances wash/dry/fr/st/dw, 3pc bath and in unit laundry rented for $1750 plus Utilities, a 1 BEDROOM apt (363 Division st), 4pc bath apt upstairs with fridge & stove, electric heat, access at the front with foyer and room to add laundry rented for $1,475.00 plus Utilities, and a large 4 BEDROOM, 2 storey, 1.5 Bath unit (365 Division st) with wash/dry/ New Stainless Steel Maytag fr/st/mic & dw with 5 year warranty, front and rear entrance and a brand new kitchen (vacant for new owner) or rented for $3,500.00 plus utilities. All 13 Appliances included plus a new furnace, washer and dryer in storage for future use if needed! Don't Miss Out!! New Roof and Siding 2022. (id:65958)

Subtype
Multi-family
Structure
Triplex
Community
22 - East of Sir John A. Blvd
Lot dimensions
11.6 x 21.3 M
Bedrooms
3 above grade, 4 below grade
Parking
4 total
Stories
2
On market
Apr 15, 2026
Status changed
Apr 15, 2026
Annual tax
$5,586
Photos
21
MLS#
X13000922
Area
KINGSTON_(EAST_OF_SIR_JOHN_A._BLVD)

Features and systems

Parking

No Garage

Basement

UnfinishedN/A

Appliances

WasherRefrigeratorDishwasherStoveDryerWater Heater

Heating

Forced airNot knownNot knownElectricNatural gas

Cooling

None

Exterior

Vinyl siding

Flooring

TileLaminate

Foundation

Stone

Lot

Carpet Free
Negative cash flow ~$1,666/mo at these assumptions

Cash on cash

-11.76%

Cap rate

3.54%

GRM

16.7

Break-even rent

$6,003

Financing

Down payment$169,978
Loan amount$679,910
Mortgage$4,171/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$390
Insurance$80
Maintenance$708
CapEx reserve$354
Vacancy loss$213

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 $4,171/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.

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