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153-155 Brock Street
homes for sale · Kingston · Central City East
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$2,199,000

153-155 Brock Street

Central City East, Kingston · MLS® X13684590

1564

House · Multi-family · 68 days on market

listed by BESSIE NIKOLOPOULOS, ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

realtor's description

153-155 Brock Street - Downtown Kingston | A rare opportunity to acquire a fully renovated, income-producing student housing asset in the heart of downtown Kingston - walking distance to Queen's University. This 1850 limestone heritage property spans two connected buildings and offers a combined 15 bedrooms and 6 bathrooms, making it one of the largest turn-key rental properties available in the downtown core. Two of the 3 units are fully furnished and equipped with keypad entry systems, allowing for secure, flexible tenant management across multiple leases. In 2018, the property underwent a complete mechanical overhaul - plumbing, electrical, and HVAC systems were all replaced - reducing near-term capital expenditure and offering peace of mind for a new owner. This is not a property that requires renovation to perform; it is ready to generate income from day one. The location is exceptional for the student rental market. Queen's University, downtown dining and retail, and the Kingston waterfront are all within easy walking distance, and Hotel Dieu Hospital sits directly across the street - a location that consistently drives strong tenant demand year after year. Four on-site parking spaces are a significant advantage in a downtown core where parking is limited, and a bus stop directly in front of the property adds further convenience for tenants without vehicles. With its scale, location, and updated infrastructure, 153-155 Brock Street offers investors a proven, high-occupancy student rental opportunity with flexible options for long-term leases or short-term rental use. Properties of this size and condition rarely become available in downtown Kingston, and this one is now offered at a reduced price of $2,199,000.

property details

type
House, Multi-family
bedrooms
15
bathrooms
6
parking
4
property tax
$18,310 / yr
days on market
68
MLS®
X13684590

features

  • Level lot
  • Flat site
  • Lighting
  • Water meter
  • Water Heater

monthly cost

$11,107/mo
Mortgage $9,581 · Tax $1,526

20% down at 4.34% fixed (Ratehub.ca), 25 years; tax from the listing.

estimated payment
$9,581/ monthly
loan $1,759,200
25-year amortization
total interest
$1,115,050
cash to close
$439,800
down payment; transfer tax and fees not included
total paid
$2,874,250

Estimates only. Rates change daily and lenders qualify at the stress-test rate. Talk to a mortgage broker before you offer.

location

Central City East, KingstonGoogle Maps ↗

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listed by
BESSIE NIKOLOPOULOS
ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
call BESSIE · 613-305-2978
Powered by: REALTOR.ca
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location

Central City East, KingstonGoogle Maps ↗
0

Walkability 0/100 · Car needed for most errands

Nothing everyday within a 10 minute walk.

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