138 Chatham Street
22 - East of Sir John A. Blvd, Kingston, K7K 4H4
FOR SALE
$775,000
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6
BEDROOMS 3
BATHROOMS 2
KITCHENS 14
ROOMS X13679136
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Property Description
Excellent investment opportunity in the heart of Kingston, approximately a 15-minute walk from Queen's University and close to major bus routes. Located just north of Princess Street, this detached 6-bedroom duplex is a strong addition to any investment portfolio. The main unit offers 5 bedrooms across two levels, 2 full bathrooms, a spacious living room, and a large eat-in kitchen with updated flooring. A major bonus is the additional bachelor apartment, providing an extra income stream. Both units are separately metered and share access to on-site laundry. 2 parking spots are available to rent for additional income too. Generating $66,000 in gross annual income, this property offers an impressive cap rate of over 7.5%. Major updates include a roof replacement in 2023 and vinyl windows throughout. A proven income generator with strong rental demand, the property is currently leased until April 30th, 2027. The bachelor apartment is currently rented below market value, presenting excellent future upside potential.
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Property Features
Fenced Yard, Park, Public Transit, Separate Hydro Meter, Water Heater Owned, Front Yard Parking, None
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Property Details
Address
138 Chatham Street
Community
City
Postal Code
K7K 4H4
Property Type
Duplex, Duplex
Zoning
UR5
Lot Size
51' x 70'
Taxes
$4,935 (2025
Basement
Full, Unfinished
Exterior
Porch, Year Round Living
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
2
Garage Type
None
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Listing contracted with One Percent Realty Ltd.
Right in the heart of Williamsville, you will find this 2 unit property with lots of potential! With a large, 2-storey 4 bedroom 1 1/2 bath unit at the front and a lovely self-contained 1 bedroom 1 bath unit at the back, it is ideal for student housing. Or great for a family with a rental unit for additional income. Or, perhaps, an in-law suite or AirBnB? The front unit is vacant and freshly painted and the rear unit will be available in August, just in time for the returning students. With today's student rental, this property can generate a very respectable 6.5% cap rate.
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Spacious 6-Bedroom Home with Two Separate Units in Kingston. Discover this well-maintained detached property offering outstanding flexibility for families, investors, or multigenerational living. Designed as two self-contained units, each with three bedrooms and a full bathroom, the home provides plenty of space for extended family or strong rental income potential. Both units feature their own laundry and are separately metered for utilities, giving each household independence and convenience. The property has seen a number of updates, allowing for a move-in-ready experience while leaving room to add your personal touch. Outside, the large driveway offers ample parking for multiple vehicles - ideal for families, students, or tenants. Situated in a well-connected Kingston neighbourhood, you'll enjoy quick access to schools, shopping, dining, and parks. With its size, versatility, and prime location, this home presents an excellent opportunity whether you're looking for an income property or a spacious place to call your own.
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