80 Virginia Street, Kingston, ON
Property Highlights
Welcome to this remarkable investment located in the coveted neighborhood of 23 - Rideau. Offering a sublime balance of structural integrity and modern aesthetic appeal, this residence presents an exceptional opportunity offered at $4,750,000 to acquire a beautiful home in a highly sought-after setting. Designed for both comfortable daily living and elegant entertaining, the layout maximizes natural light, functional flow, and lifestyle utility.
- 0 Bedrooms and 0 Bathrooms
- Premium 135.05 x 295.16 ft lot size
- Convenient outside/surface garage included
- equipped with no central cooling and highly efficient radiant heating
Description
Excellent opportunity to acquire a well-maintained 25-unit low-rise apartment building in Kingston, Ontario. Previously REIT-owned, this property has been professionally managed and is in excellent overall condition. Conveniently located on a bus route, minutes to Highway 401, and close to downtown Kingston.The building offers stable in-place income with clear upside through rental increases on tenant turnover. Additional lift may be available by having new tenancies pay their own hydro.A clean, stabilized multifamily asset in a strong rental market with meaningful long-term upside.
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 80 Virginia Street, Kingston, ON K7K 5Y4
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Properties in this area are selling at a steady pace.
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About Purchasing a Home in Kingston, ON
For a property listed at $4,750,000 in Kingston, the legal minimum down payment is $950,000 under current Canadian banking regulations. This calculation applies a 5% requirement on the first $500,000, 10% on the next $499,999, and a flat 20% on any amount exceeding $1,000,000.
Additionally, buyers in Ontario must budget for the Provincial Land Transfer Tax, which is estimated at $105,225 for this transaction. As this listing is in Kingston (outside the City of Toronto), no additional municipal land transfer tax is levied, resulting in total estimated land transfer taxes of $105,225.
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Disclaimer: AI Insights are generated by an automated system and should be used for informational purposes only. While we strive for accuracy using current market data and deep-learning models, these assessments do not constitute professional real estate, legal, or financial advice. All property values, predictions, and scores are estimates. We strongly recommend verifying all property details and conducting independent due diligence with a licensed professional before making any purchase decisions.