579 Macdonnell St
Kingston, K7K 4W9
FOR SALE
$499,000
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3 + 3
BEDROOMS2
BATHROOMS1 + 1
KITCHENS11
ROOMSX8152688
MLSIDContact Us
Property Description
All brick legal duplex with amazing income potential in the highly desirable Kings court area. Upper level includes 3 spacious bedrooms and 1 full bathroom, with a large living/dining room, eat-in kitchen with breakfast area and potential for ensuite laundry. Lower level includes a second self-contained unit with 3 spacious bedrooms and 1 full bathroom, with living room and ensuite laundry room and 2 separate entrances. Large backyard in the rear with a detached single car garage and parking pad in the front for 2 cars. Current income $43k+, potential income $55k+ with positive cash flow - $60k+ as a student rental! Property needs work but a great investment opportunity with excellent value add potential!
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Extras
Both units tenanted mth-to-mth, upper-$1819.37/mth all incl; lower-$1775/mth all incl. Hydro metered separately for 2 units. Utilities last 12 mth avg: $407/mth & $178/mth.
Property Features
Park, Public Transit, Rec Centre, School
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Property Details
Street
City
Property Type
Duplex, Bungalow
Lot Size
33' x 112'
Acreage
< .50
Fronting
East
Taxes
$3,583 (2023)
Basement
Apartment, Fin W/O
Exterior
Brick
Heat Type
Baseboard
Heat Source
Electric
Air Conditioning
None
Water
Municipal
Parking Spaces
2
Driveway
Mutual
Garage Type
Detached
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Kingston Market Statistics
Kingston Price Trend
579 Macdonnell St is a 3-bedroom 2-bathroom home listed for sale at $499,000, which is $89,126 (15.2%) lower than the average sold price of $588,126 in the last 30 days (March 29 - April 27). During the last 30 days the average sold price for a 3 bedroom home in Kingston declined by $1,274 (0.2%) compared to the previous 30 day period (February 28 - March 28) and down $11,874 (2.0%) from the same time one year ago.Inventory Change
There were 24 3-bedroom homes listed in Kingston over the last 30 days (March 29 - April 27), which is up 41.2% compared with the previous 30 day period (February 28 - March 28) and up 242.9% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Kingston typically sold ($626) (0.1%) below asking price over the last 30 days (March 29 - April 27), which represents a $4,046 decrease compared to the previous 30 day period (February 28 - March 28) and ($34,900) more than the same period last year.Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Kingston over the last 30 days (March 29 - April 27) stood at 62.5%, up from 29.4% over the previous 30 days (February 28 - March 28) and up from 28.6% one year ago.Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 2-bathroom home in Kingston stood at 6 days when successfully sold over the last 30 days (March 29 - April 27), compared to 47 days before being removed from the market upon being suspended or terminated.Listing contracted with Century 21 Atria Realty Inc.
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