480 Victoria Street

FOR SALE
$819,900
480 Victoria Street, Kingston
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
480 Victoria Street
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5 + 1
BEDROOMS
3
BATHROOMS
1 + 1
KITCHENS
7 + 5
ROOMS
X12695036
MLSID
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Property Description
This well-maintained all-brick residence offers a compelling investment opportunity for parent buyers and seasoned investors alike. Configured as a five-bedroom student rental in the main home with a self-contained bachelor suite at the rear, the property delivers immediate, stable income with excellent long-term flexibility. The front residence is currently leased at $999 per bedroom, inclusive of heat and hydro, generating $4,995 per month, with all five tenants secured until April 30, 2026. The rear bachelor unit is occupied by a long-term tenant paying $1,075 per month, resulting in a total gross monthly income of $6,070. The main house offers pine hardwood flooring throughout the main floor, a full bathroom on the main level, and a second full bathroom upstairs, providing strong functionality for student living. Bedrooms are spread across two levels with bright common areas and in-suite laundry. The separate rear bachelor suite offers additional income stability. Recent improvements include a newly renovated downstairs bathroom, new carpet upstairs, and updated appliances. Located on a deep lot, the property also offers the rare ability to accommodate up to four vehicles in the backyard, an extremely attractive feature that could add to the monthly income. Ideally positioned near Queen's University, downtown, transit routes, and major amenities, this property continues to perform year after year with consistent tenant demand. A rare opportunity to acquire a high-yield Kingston rental with very strong cash flow, recent updates, and built-in upside. Schedule your viewing today!
Property Features
Fenced Yard, Hospital, Public Transit, School, School Bus Route, In-Law Suite, Water Heater, Private, Available
Property Details
Address
480 Victoria Street
Postal Code
K7L 3Z7
Property Type
Detached, Detached
Lot Size
33' x 133'
Taxes
$5,571 (2025
Basement
Crawl Space
Heat Type
Forced Air
Heat Source
Gas
Water
Municipal
Parking Spaces
4
Garage Type
None
Listing contracted with Re/Max Rise Executives, Brokerage
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