271 MACDONNELL Street , Kingston

7+2 Bed / 2 Bath / $1,449,990 / MLS® Listing #:H4141562

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**Attention Savvy Investors** This is your chance to create generational wealth with this spectacular purpose built turnkey student rental property with ~3500 of finished living space and generating 111k in annual rents (Fully Leased). 9 minutes to Queens U and fantastic area amenities. Main house features 4 Beds 2 Baths with BRAND NEW LEGAL addition adding 5 Beds + 3 Dens & 3 Baths to this cash flow machine. FEATURES INCLUDE: 2 Kitchens, 1 Kitchenette, w/4th roughed in, 4 Fridges, 2 Stoves, 2 microwaves, 3 laundry pairs, 2 TV's, 2 decks, detached garage, 3 water heaters (owned), 2 electrical panels w/sub panel, carpet free with hardwood/vinyl/ceramic flooring, glass showers, electric fireplace, & select furniture. Very efficient as tenants pay all utilities due to separate hydro meters, heated flooring, and electric baseboards all with separate thermostats. Very low operating and capital costs make this a cornerstone property for a first time investor or a pinnacle addition to any portfolio. (id:10452)

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Property Details

Property Type House
Architectural Style 2 Level
Square Feet 2167 sqft
Maintenance N/A
Days On Our Website 82
Basement Finished - Full (Finished)
Kitchens 2
Lot Dimensions 38 x 119|under 1/2 acre
Pool N/A
Area Kingston
Air Conditioning Wall unit
Heating Electric - Baseboard heaters, Radiant heat
Exterior Brick, Metal
Parking Spaces 5
Parking Type Detached Garage,Detached Garage
Sewers Municipal sewage system
Water Municipal water

Listing Office: RE/MAX Escarpment Realty Inc.



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