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Key Facts
Key facts for 493 COLLEGE Street
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 4 parking
MLS #
X12544210
Size
2000-2500 sqft
Basement
Full,Finished
Listed on
2025-11-14
Lot size
45 x 125.0
Tax
$6,067.47 /yr
Days on Market
341
Approximate Age
51-99
Maintenance Fee
-
Description
Outstanding Income Opportunity! This fully renovated four-plex offers an impressive $132,000 annual income and a 6.7% cap rate; truly turnkey with nothing left to do. Ideally located between Queen's University, St. Lawrence College, and the Teachers' College, this property attracts quality tenants a...nd ensures consistent returns. The building has been completely redone from top to bottom, featuring a 400-AMP electrical service, new plumbing, a brand-new lower-level 3-bedroom apartment, updated kitchens, bathrooms, and flooring, plus an Accessory Dwelling Unit (ADU) for added versatility. Financial highlights include: gross Income $132,000, operating expenses $20,745 (taxes: $6,068, utilities $3,000, maintenance $2,400, management $5,280, insurance $3,997); and net operating income $111,255. A solid, well-managed investment in a prime central location - modern, efficient, and fully rented with great tenants. This is the ideal hands-off income property you've been looking for. Schedule your private viewing today.
