138 Chatham Street
22 - East of Sir John A. Blvd, Kingston, K7K 4H4
FOR SALE
$775,000

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6
BEDROOMS3
BATHROOMS2
KITCHENS14
ROOMSX13126954
MLSIDContact Us
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.
Opportunity knocks in this two unit home in the heart of downtown Kingston, steps from Slush Puppie Place, Artillery Park, Surf Shack Yoga Studio, and the Elm! Previously two separately deeded, 3 bedroom semis, this property now has endless possibilities. Live in one side and rent the other to help pay the mortgage, air B & B, or let this be the first step for you on the investment property ownership ladder. The location couldn't be better for a student rental and the units are both in great condition. Vacant as of July 1st. Parking available via deeded right-of-way. This one is definitely worth a look!
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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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