640 BROCK St
Kingston, K7L 1V6
FOR SALE
$695,000
Sold
$667,500
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2 + 1
BEDROOMS2
BATHROOMS1
KITCHENS7 + 4
ROOMSX9029099
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2023-06-22 | 2023-08-08 | 47 | $695,000 | $667,500 | Sold |
| 2023-06-22 | 2023-08-08 | 47 | $695,000 | $667,500 | Sold |
| 2023-06-22 | 2023-08-08 | 47 | $695,000 | $667,500 | Sold |
| 2023-06-22 | 2023-08-08 | 47 | $695,000 | $667,500 | Sold |
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Property Description
Exceptional Investment Opportunity An Immaculate All Brick Bungalow Walking Distance To Queen's University. This Property Promises Outstanding Positive Cash Flow And A Potentially Great Cap Rate, But Has Also Been Fastidiously Maintained And Updated Inside And Out. The Main Floor, With Its Oak Strip Flooring, New Paint, And Updated Windows And Kitchen, All Work Together To Create A Clean And Crisp Living Space. Currently Laid Out With 2 Bedrooms And A 4-Piece Bath. But Here's Where The Investment Potential Shines: The Entire House Can Be Easily Converted Into A Remarkable (And Profitable) 6-Bed Student Rental. With A Very Modest Renovation, You'd Have The Opportunity To Experience Massive Upside And Capitalize On The High Demand For Student Housing In This Prime Location. And The Best Partially? The Basement, Already Updated With New Flooring, Fresh Paint, Sound Insulation, And Fire-Rated Type X Drywall On The Ceiling, Lays The Groundwork For A Seamless Transformation. Plumbing For A Kitchenette Is Even Pre-Installed, Streamlining The Process Further. Beyond The Lucrative Rental Potential, This Property Has Been Updated With High End Mechanicals, Ensuring Minimal Maintenance And Maximum Peace Of Mind. The Detached Garage Provides Convenient Storage Space, While The Driveway Accommodates Parking For Up To 3 Cars. As An Investor, You Can Unlock Positive Cash Flow From This Well-Maintained, (So Close To) Turnkey Property. With Its Excellent Location, Prudent Updates, And The Potential For Significant Rental Income, This Bungalow Represents An Opportunity That Shouldn't Be Missed. Whether You're A Seasoned Investor, A Parent Of A Queen's Student, Or Looking To Get Into The Rental Market For The First Time, This Is Your Chance To Secure An Exceptional Asset. Act Quickly To Make This Investment Yours Today! Financial Projections, Floor Plans, And Updates List Available Upon Request.
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