Unique investment opportunity in Kingston's City Central! Welcome to 337 Melanie Avenue, ideally located close to downtown Kingston, shopping, restaurants, transit, schools, parks, and everyday amenities. This well-situated property offers strong income potential and flexibility for investors looking to capitalize on Kingston's consistently strong rental market. The property features two self-contained residential units. The upper unit has been completely renovated and offers a bright, modern 2-bedroom, 1-bathroom layout. It is currently vacant and was previously rented for $2,350 per month inclusive, providing an immediate opportunity for the new owner to secure a tenant at current market rates. The lower unit features a 1-bedroom, 1-bathroom layout and is currently rented for $1,650 permonth, with the tenant scheduled to vacate at the end of April. With both units becoming available, buyers have a rare opportunity to set new market rents and significantly increase overall income and return on investment. Located in Kingston's desirable central area, the property benefits from easy access to downtown, retail shopping, restaurants, public transit routes, schools, and major amenities, making it highly attractive to tenants. This central location continues to see strong rental demand due to its convenience and proximity to employment, services, and entertainment. Whether you are an investor looking to add a solid income property to your portfolio or seeking a property with the potential for strong rental return, 337 Melanie Avenue represents a unique opportunity. With a fully renovated unit, upcoming vacancies, and the ability to reset rents, the property offers excellent potential to maximize ROI in a prime Kingston location.
20 days
On Market
Semi-Detached
Property Type
$3,177 / Year
Est. Taxes
Bungalow-Raised
Style
None
Garage
Apartment
Basement
3D Virtual Tour
Home Details
Lot Depth:
100 Feet
Lot Width:
30 Feet
Style:
Bungalow-Raised
Exterior Construction:
Brick, Alum Siding
Roof Material:
Asphalt Shingle
Patio/Deck:
-
Driveway:
Private, 3
Swimming Pool:
None
Instant Estimate
$608,029
Upper range
$659,594
Mid range
$608,029
Lower range
$556,464
Schools nearby
Listing Brokerage
MLS® Listing
X12869448
Brokerage
EXP REALTY, BROKERAGE
EXP REALTY, BROKERAGE - Disclaimer: The information contained in this listing has not been verified by EXP REALTY, BROKERAGE and should be verified by the buyer.
Data is deemed reliable but not guaranteed accurate by TRREB.