$649,900
40 ORDNANCE STREET
Beds
3
Baths
3 full + 1 half
Sqft
—
Year
—
Type
Multi-family
Suite
Investment signal
Location 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.
About this home
Welcome to this well maintained home offering the perfect blend of comfort and versatility, and location. Situated in a desirable area within walking distance to hospitals, community centre, Rideaucrest, Shopping, parks and more, this property is ideal for both homeowners and investors alike. This home features two fully self-contained units fully rented, providing excellent income potential. Both units include stacking laundry, refrigerator, stove, dishwasher and microwave along with tasteful finishes and some hardwood flooring. The upper unit offers 2 spacious bedrooms, while the main level features a 1-bedroom layout with access to a fully winterized studio in the backyard--perfect for a home based business, gym or creative space. Additional highlights include an unfinished basement with a 2 pc bath and ample storage, a mostly fenced yard and a convenient storage shed. Well maintained with great tenants in place, this fantastic opportunity in a prime central location. Please see documents for full rent details. (id:65958)
- Subtype
- Multi-family
- Structure
- Duplex
- Community
- 22 - East of Sir John A. Blvd
- Lot dimensions
- 25 x 76 FT
- Bedrooms
- 3 above grade
- Parking
- 2 total
- Stories
- 2.5
- On market
- Apr 20, 2026
- Status changed
- Apr 21, 2026
- Annual tax
- $4,868.48
- Photos
- 35
- MLS#
- X13021736
- Area
- KINGSTON_(EAST_OF_SIR_JOHN_A._BLVD)
Features and systems
Parking
Basement
Appliances
Heating
Cooling
Exterior
Flooring
Foundation
Utilities
Cash on cash
-6.81%
Cap rate
3.50%
GRM
16.7
Break-even rent
$4,026
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 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.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 21, 2026.