80 Thomas Street, Kingston, ON
Property Highlights
Welcome to this remarkable 2-Storey triplex located in the coveted neighborhood of 22 - East of Sir John A. Blvd. Expertly crafted featuring premium brick construction, this residence presents an exceptional opportunity offered at $1,099,000 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.
- 5 Bedrooms and 3 Bathrooms with 3 functional kitchens
- Generous living space spanning 2500-3000 sqft on a premium 40.58 x 130.66 ft lot
- Features a full basement, adding superb versatility for recreation, a home gym, or extra storage
- 6.0 total parking spaces available
- Notable attributes: Separate Heating Controls, Separate Hydro Meter, Storage Area Lockers
- Efficient forced air heating via gas
Description
80 Thomas St. is a real estate investor's dream. This all-brick cash flowing triplex has a bright, open, three-story floor plan, and includes 2two-bedroom units and 1 one-bedroom unit. The property has seen many recent improvements and renovations to all three units. The upper two-bedroom unit was completely gutted and renovated from the studs, and the other two units have had numerous updates including two modern IKEA kitchens. Other improvements include but are not limited to: a new roof, new attic and wall insulation, new vinyl windows, and a 7-foot vinyl fence. Separate electrical meters, a forced air gas furnace, onsite coin laundry, and parking lot for 3-4 cars are just a few of the many reasons that this is the ideal spot for tenants. Its central location is a quick 5-minute walk to the K&P Trail, a 10-minute walk to the Cataraqui River, and a 2-minute walk to Regiopolis Notre Dame High School. It is also a 3-minute drive to downtown Kingston and to central Kingston amenities. A rare opportunity in an ideally-situated area of the city, on the gentrifying edge of Kingston's downtown core. Current te 80 Thomas St. is a real estate investor's dream. This all-brick cash flowing triplex has a bright, open, three-story floor plan, and includes 2 two-bedroom units and 1 one-bedroom unit. The property has seen many recent improvements and renovations to all three units. The upper two-bedroom unit was completely gutted and renovated from the studs, and the other two units have had numerous updates including two modern IKEA kitchens. Other improvements include but are not limited to: anew roof, new attic and wall insulation, new vinyl windows, and a 7-foot vinyl fence. Separate electrical meters, a forced air gas furnace, onsite coin laundry, and parking lot. This turnkey triplex is priced at a near 5% cap rate and won't last long!
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Property Summary
This triplex located at 80 Thomas Street, Kingston is currently for sale and has been available on SousaSells for 3 days. This property is listed at $1,099,000 with an estimated mortgage of $3,658* per month. It has 5 beds, 3 bathrooms, and is 2500-3000 square feet. 80 Thomas Street, Kingston is in the 22 - East of Sir John A. Blvd neighborhood.
* Estimated mortgage assumes a 30% down payment, 4.00% interest rate, and 30-year amortization.Key Features
Additional Details
Property Details
Parking & Garage
Heating & Cooling
Features
Property Features
Interior Features
Separate Heating Controls, Separate Hydro Meter, Storage Area Lockers, Water Heater
Security Features
Community Features
Location
Property History
No historical data available for this property.
This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 80 Thomas Street, Kingston, ON K7K 2E3
Based on 0 recent similar sales in the pocket.
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 $1,099,000 in Kingston, the legal minimum down payment is $219,800 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 $18,455 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 $18,455.
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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.