579 Macdonnell St
East of Sir John A. Blvd, Kingston, K7K 4W9
FOR SALE
$475,000
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3 + 3
BEDROOMS2
BATHROOMS1 + 1
KITCHENS11
ROOMSX9508414
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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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2024-03-18 | 2024-05-29 | 72 | $499,000 | $499,000 | Sold |
| 2024-03-18 | 2024-05-29 | 72 | $499,000 | $499,000 | Sold |
Extras
Both units tenanted mth-to-mth, upper-$1819.37/mth all incl; lower-$1793.75/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
Community
City
Property Type
Duplex, Bungalow
Lot Size
33' x 112'
Acreage
< .50
Fronting
East
Taxes
$3,583 (2023)
Basement
Apartment, Sep Entrance
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 $475,000, which is $134,605 (22.1%) lower than the average sold price of $609,605 in the last 30 days (September 30 - October 29). During the last 30 days the average sold price for a 3 bedroom home in Kingston increased by $16,854 (2.8%) compared to the previous 30 day period (August 31 - September 29) and up $31,748 (5.5%) from the same time one year ago.Inventory Change
There were 230 3-bedroom homes listed in Kingston over the last 30 days (September 30 - October 29), which is up 1,816.7% compared with the previous 30 day period (August 31 - September 29) and up 1,669.2% compared with the same period last year.Sold Price Above/Below Asking ($)
3-bedroom homes in Kingston typically sold ($4,381) (0.7%) below asking price over the last 30 days (September 30 - October 29), which represents a $5,148 increase compared to the previous 30 day period (August 31 - September 29) and ($14,757) 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 (September 30 - October 29) stood at 1,201.7%, down from 3,225.0% over the previous 30 days (August 31 - September 29) and up from 53.8% 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 11 days when successfully sold over the last 30 days (September 30 - October 29), compared to 38 days before being removed from the market upon being suspended or terminated.Listing contracted with North 2 South Realty
Similar Listings
Attention investors! If you are looking for a turn-key property that is fully tenanted and cash flow positive you are in the right spot. This legal non-conforming duplex is ready for its new owner. Just minutes to downtown and easy access to public transit, the location makes it very easy to keep the units rented. With the added convenience of schools, parks and a public market nearby it is hard to find a more convenient location in this price range. Currently rented for $1500 + utilities for the main floor unit and an additional $1700 + utilities for the upstairs unit each with their own entrance. Dont worry about struggling to find tenants for your investment properties as these units have been rented consistently without issue in this central location.
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