61 Seventh Avenue, 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 stucco (plaster) construction, this residence presents an exceptional opportunity offered at $399,900 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 4 Bathrooms with 2 functional kitchens
- Generous living space spanning 2000-2500 sqft on a premium 56.02 x 87.03 ft lot
- Features a separate entrance basement, adding superb versatility for recreation, a home gym, or extra storage
- 4.0 total parking spaces available
- Notable attributes: Separate Hydro Meter, Water Heater Owned
- Efficient forced air heating via gas
Description
This versatile mixed-use property offers tremendous potential for investors and developers alike. Currently configured with two residential units and a convenience store, it presents an ideal opportunity to convert into a triplex or maintain the commercial space while having two or three residential units. Located in the sought-after Kingscourt neighborhood, this property benefits from high visibility and foot traffic, perfect for a variety of business ventures. With some renovations, you could unlock its full income-generating potential. Whether you're looking to expand your rental portfolio or establish a business with residential units, this property offers the flexibility and location you're looking for. Don't miss out on this exciting opportunity to create a profitable, well-located investment in a growing community!
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Key Features
Additional Details
Property Details
Parking & Garage
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Features
Property Features
Interior Features
Separate Hydro Meter, Water Heater Owned
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Community Features
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Property History
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This could be the first listing for this address.
Pricing & Value Insights
Data-driven valuation for 61 Seventh Avenue, Kingston, ON K7K 2M5
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 $399,900 in Kingston, the legal minimum down payment is $19,995 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 $4,474 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 $4,474.
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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.